TA Site Closure - Corning, CA

Gas stations & convenience stores (AM/PM, 7-Eleven, etc.)
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storewanderer
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TA Site Closure - Corning, CA

Post by storewanderer »

TA in Corning, CA is closing in the next week or so. This one has Arbys and Subway for fast food. Probably an old Burns Brothers stop.

Any others closing?

Mill City, NV is in extremely sorry shape but I assume the casino which TA owns makes it profitable (but not profitable enough to have food other than a very limited menu Taco Bell after they closed the full service restaurant and Subway). Another old Burns Brothers stop. TA owns the casino on the Petro site in Sparks but leases it out in the TA site in Sparks as the party who runs the casino used to own the entire truck stop; those two sites are so profitable they print money at full speed.
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Re: TA Site Closure - Corning, CA

Post by Alpha8472 »

That intersection has a Petro, TA, and Love's. I would think that it is overkill. Aren't TA and Petro are part of the same company?

Supposedly KFC will open up at the Petro soon to make up for the losses in food offerings.
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Re: TA Site Closure - Corning, CA

Post by storewanderer »

Alpha8472 wrote: October 6th, 2024, 7:41 pm That intersection has a Petro, TA, and Love's. I would think that it is overkill. Aren't TA and Petro are part of the same company?

Supposedly KFC will open up at the Petro soon to make up for the losses in food offerings.
I guess it was overkill since this site is closing. TA and Petro are the same company and both appear to be corporate operated sites. I will be curious to see what happens to the land.

The Love's is a former Flying J that was divested when Pilot took over Flying J. Love's has been remodeling its site this year.
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Re: TA Site Closure - Corning, CA

Post by wnetmacman »

TA Petro has gone from innovator in the Truck Stop industry to the third wheel, mainly because of three things: Love's, Pilot and Flying J (the last two are the same company).

In the 70's when new, Pilot and Love's existed, but not to the size and scale they do now. While Pilot and Love's constantly renew and remodel, many TA sites are holdovers from their days under previous brands, mainly 76, with a large restaurant, while the other two have replaced that with fast food (except the original Flying J, who mostly co-brand with Denny's). This lack of capital investment puts them at serious risk, and it is chainwide.
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Re: TA Site Closure - Corning, CA

Post by storewanderer »

wnetmacman wrote: October 7th, 2024, 3:04 pm TA Petro has gone from innovator in the Truck Stop industry to the third wheel, mainly because of three things: Love's, Pilot and Flying J (the last two are the same company).

In the 70's when new, Pilot and Love's existed, but not to the size and scale they do now. While Pilot and Love's constantly renew and remodel, many TA sites are holdovers from their days under previous brands, mainly 76, with a large restaurant, while the other two have replaced that with fast food (except the original Flying J, who mostly co-brand with Denny's). This lack of capital investment puts them at serious risk, and it is chainwide.
I am not sure what BP is planning with TA. I think it is a big bet on eventually needing giant spaces to charge EVs and the thought that these large TA facilities can be redeveloped into places people will spend time and money for the 2-3 hour EV charge...

TA almost went under back in the 2008-2010 period. TA had been spun off from Hospitality Properties Trust (HPT) and was trading publicly but most TA sites were still owned by HPT and let's just say the lease terms were very favorable to HPT. Luckily for TA they started to have some success as 2010 passed and then they went into their ill-fated plan to go into the convenience store business buying up a bunch of random 10-20 store operators and rebranding them as "Minit Mart" then they also did finally do some remodels on the truck stop stores to rebrand those to "Minit Mart" in the later 2010's. Of course the "Minit Mart" convenience store chain they assembled was a horribly performing group of absolute dog convenience stores and some closed but the rest got pawned off on EG Group who has since closed more of them but still has some of them open. After TA sold "Minit Mart" I noticed some investments in the truck stops occur- new gas pumps, restroom remodels. But at the same time I keep seeing TA cut services- they close full service restaurants, in some cases even close limited service restaurants, and I see constant maintenance issues at their sites.

Again I am very curious to see how BP handles TA. They can't handle it with a bulldozer due to the lease situation so watching BP rehab all these very outdated poor condition truck stops will be very interesting.
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