Tuesday, January 10, 2017
NRC To Coordinate The Sale Of Over 100 C-Stores With Gas And Surplus Sites For Sunoco
Chicago, IL (January 10, 2017) – NRC Realty & Capital Advisors, LLC (NRC) announced today that it has been retained by Sunoco, Inc. to coordinate the sale of more than 100 sites throughout the Southwest, Northeast and Mid-Atlantic. The portfolio consists of 67 operating convenience stores with gas, 8 former convenience stores with gas and 25 vacant surplus sites.
“Sunoco Quote Here,” said NAME, TITLE of Sunoco, “Sunoco Quote Here.”The intention is to continue to supply the operating sites through long-term direct-supplied or distributor-supplied fuel agreements.
Properties are located in Texas (32), New York (19), Pennsylvania (14), New Jersey (10) and Virginia (7) with additional properties in Florida, Louisiana, Massachusetts, Michigan, New Hampshire, New Mexico, Ohio, Oklahoma, Rhode Island and South Carolina.
Operating convenience stores with gas properties range from approximately 10,000 square feet to more than six acres, with an average lot size of 30,000 square feet each. While a few sites feature kiosks, the majority of the operating sites have buildings as large as 7,315 square feet with an average store size of 2,400 square feet.
Surplus retail sites include 8 former c-stores with gas and 25 vacant parcels ranging from one-quarter acre to more than ten acres, with the average site of approximately 1.67 acres.
The locations will be sold through a sealed-bid sale in a ‘buy one, some or all’ format with bids due on March 7, 2017, for the operating sites and on April 4, 2017 for the surplus properties.
“There are some excellent stores in this offering,” said Evan Gladstone, executive managing director of NRC, “and many of the surplus sites are prime locations for non-petroleum re-development.”
Information about the sale and a list of available sites can be obtained by visiting the NRC website at www.nrc.com/1701 or calling NRC at 800-747-3342 ext. 1701. Due diligence information on each property will also be available through the NRC website approximately 30 days prior to each sealed bid deadline.
To see a list of convenience stores for sale and gas stations for sale, click here.