Corpus Christi, Texas Susser Holdings Corp. has completed the previously disclosed acquisition of 25 convenience stores located in Texas and Louisiana.
Susser acquired the stores from Jack in the Box, and each location is co-branded with a Jack in the Box restaurant, all of which are being retained by Jack in the Box.
The acquisition includes leaseholds for 24 stores and the real estate underlying one property. Twenty-three stores are located across Texas, and two are in Louisiana.
Of the 25 stores, it is anticipated that four to seven of the Texas stores will be operated by Susser's retail segment and will be rebranded to Susser's proprietary Stripes brand.
It is also anticipated that independent dealers under long-term sublease and fuel-supply agreements with Susser’s wholesale fuel division will operate the remaining 18 to 21 stores. Sixteen of the 21 stores have already been converted to the dealer operation, including the one fee property.