skip to main content
Investor Portal

International Convenience Store Operator Selects Summit’s North Junction Plaza For New Concept

Summit Real Estate Group is pleased to announce that 7-Eleven, based in Irving, Texas, has leased 5,000 square feet at North Junction Plaza in north Houston, Texas. The 110,115 square foot shopping center, anchored by PetSmart and Chuck E. Cheese, was acquired Q2 2015 on behalf of Summit’s Arrowrock Income & Growth Fund II (AIGF II). The 7-Eleven lease at North Junction Plaza follows a new lease from a national health services company for 6,075 square feet, executed Q1 2021.

A brand recognized worldwide, 7-Eleven operates, franchises, and/or licenses more than 70,000 stores in 17 countries, including 11,800 in North America. The company has a legacy of innovation including being the first to provide to-go coffee cups, offer a self-serve soda fountain, and operate for 24 hours a day. The company chose to locate at North Junction Plaza because of the shopping center’s strategic location and its interstate visibility at I-45 and FM-1960.

7-Eleven’s North Junction Plaza location, with a footprint that is approximately twice the size of a typical store, will provide a new customer experience via its 7NOW concept. Through the 7NOW app, customers are able to order from an expanded product list and pay for those items ahead of time, offering added convenience and minimized time spent in stores. In addition to a streamlined product selection and pickup process for customers, the location will serve as a fulfillment location for those customers that choose the 7NOW app’s delivery option.

Since acquisition, Summit has executed its business plan to include extensive exterior improvements to roof systems and signage, interior upgrades and repositioning, and junior box repositioning, leasing, and lease extensions.