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Cameron Property Company Expands Portfolio with Two 7-Eleven Acquisitions

Cameron Property Company, a non-traded alternative investment sponsor and affiliate of Madison Capital Group, has purchased two 7-Eleven convenience stores in New Smyrna, Florida and Fort Mill, South Carolina.

Cameron Property Company, a non-traded alternative investment sponsor and affiliate of Madison Capital Group, has purchased two 7-Eleven convenience stores, located in New Smyrna, Florida and Fort Mill, South Carolina, for a combined $14 million.

The New Smyrna property, purchased for $8 million, is located on 1.5 acres and includes a 3,700-square-foot convenience store, a 980-square-foot car wash, and a 4,600-square-foot fuel island canopy. According to the company, between 2018 and 2019, the population of New Smyrna Beach grew 2.67 percent and its median household income grew from $52,772 to $57,043, an 8.09 percent increase.

The $6 million Fort Mill property sits on 2.2 acres and includes a 3,860-square-foot convenience store with one canopy and eight gas pumps.

Cameron’s convenience store strategy targets gas station convenience stores leased by branded franchise operators. Earlier this month, the company purchased a Kum and Go convenience store in Hayden, Colorado for $9.6 million.

Cameron Property Company is a commercial real estate development and acquisitions firm, primarily focused on retail development, with a corporate office located in Charlotte, North Carolina.

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