Students looking for a Slurpee fix will soon need not look further than across the Diag to South State Street, where a 7-Eleven is slated to open soon.

By the end of the year, 7-Eleven will open its near-campus location at 318 South State St. — the building previously occupied by Ritz Camera.

Soon after Ritz Camera declared bankruptcy in 2009, its former property went on the market and was purchased by local ophthalmologist Reza Rahmani, according to the building’s realtor Jim Chaconas. Chaconas said the building was then rented out to 7-Eleven after the company began to show interest in the location five months ago.

Chris Benne, a real estate manager for 7-Eleven, said the store is in the perfect location because it is across from the Diag and can serve the needs of a student on the go.

“(The State Street location) is in the heart of the retail district and serves the college campus,” Benne said.

Benne added that the 7-Eleven will be open 24 hours a day all week in order to accommodate students’ needs.

“We are there to support the morning, afternoon and evening schedules associated with student life,” he said.

Margaret Chabris, the media director for the company, said the first floor of the two-story building will be a traditional 7-Eleven and sell products like chips, soda and the company’s famous Slurpees.

Chabris added that the second floor will be a less traditional convenience store that will feature a study space and sell retail items and coffee.

Chaconas said that because there is no other 24-hour convenience store in the area, 7-Eleven will be a good business to have near campus.

“Students know they’re getting good products for a decent price,” Chaconas said.

Engineering junior Cailtin Cramer echoed Chaconas’s sentiments, saying she was looking forward to having more options on campus for food and drinks.

“I’m excited to have new food choices on campus, including their Slurpees,” Cramer said.

Benne said the 7-Eleven experience in Ann Arbor will be well-suited to its customers and their demands.

“7-Eleven has a sophisticated system where we know every day, item-by-item, what is selling and what doesn’t, so we can constantly tailor the product mix to meet customers’ needs,” Benne said.

Jerome Kamano, owner of Diag Deli & Pizza, which is located at 340 South State St., said he doesn’t see the new 7-Eleven as competition because his business provides good and fast service.

Kamano added that his business has the advantage of having an already established following. Though convenience stores have come and gone in the past, they haven’t affected his business, Kamano said.