Yesway opens second Allsup’s market concept store
Yesway celebrates the grand opening of its second Allsup’s market concept store in Vaughn.
Yesway announced the grand opening of its second Allsup’s Market concept store located in Vaughn, New Mexico and the first new store opening since Yesway acquired the Allsup’s convenience store chain last November.
The new Vaughn store boasts nearly 5,500 square feet of interior merchandising space and has 20 fueling positions, including four new dedicated diesel lanes. It replaces an older 2,400 square foot Allsup’s store, which had only six fueling positions.
“The Vaughn Allsup’s Market concept store will now offer our customers a greatly expanded selection of grocery and perishable items, including fresh, never frozen meat and produce, naturally-produced milk, frozen foods, baby items and much more,” said Tom Trkla, Yesway’s Chairman and Chief Executive Officer.
Last month, Yesway announced that it had raised an additional $235 million of equity capital, $135 million of which was to be invested in targeted real estate capital projects. The Vaughn Allsup’s Market store represents the initial launch of Yesway’s accelerated real estate investment campaign.
“Over the past nine months, Mark Allsup, Greg Gardner, and I looked at every Yesway and Allsup’s store in our portfolio and identified older and smaller format stores in existing markets that we believed could benefit from larger format stores with an expanded fuel and diesel presence,” said Tom Brown, Yesway’s Director of Real Estate.
In the next year, they will complete raze and rebuilds in 27 locations, resulting in new 5,500 square foot prototype stores in Texas, New Mexico, and Oklahoma, all of which will have expanded fuel and diesel platforms.
In addition to the raze and rebuild program, Yesway has commenced the major remodeling of approximately 100 additional Yesway and Allsup’s stores in Texas and New Mexico. The extensive improvements include exterior upgrades to store fronts, parking lots, and signage, the addition of LED lighting under the canopy and inside the stores, and upgrades to store interiors, fountain and beverage areas, and bathrooms.
