To order a color brochure, please call the NRC Customer Service Center at 800.747.3342, ext. 810.
General Information
SAN DIEGO MARKET AREA 29 Operating Convenience Stores & Service Stations
also available
SACRAMENTO MARKET AREA 1 Operating Service Station 2 Undeveloped Retail PAD Sitess
Bid Deadline: July 22, 2007
General Information
The Retail Division of New West Petroleum, LLC, New West Petroleum S.D. 1, Inc., New West Petroleum S.D. 2, Inc. and New West Petroleum L.P. (collectively “Seller”) is offering to sell thirty (30) operating convenience stores with gasoline stations including twenty-two (22) fee-owned properties, seven (7) leasehold properties and one (1) fee/leasehold combination. In addition there are two (2) fee owned undeveloped parcels, collectively (the “Properties”). All Properties are located in the San Diego market area and Northern California and are available by sealed-bid on Tuesday, July 22, 2008. NRC Realty Advisors, LLC and its subsidiary; NRC Realty Advisors of California, Inc. (“NRC”) is coordinating the offering for the Seller.
PSP Information
A Property Specific Package (“PSP”) for each property is available from NRC that contains site specific due diligence information as described below. Prior to receiving a PSP each prospective bidder is required to deliver to NRC a signed Confidentially Agreement. PSP’s can be ordered by calling NRC’s customer service center at 800.747.3342, extension 810. Each PSP is available at a cost of $35 per hard copy and $25 per CD ROM (including 2-day shipping). PSP’s will contain some or all of the following information, as available:
Site Data (as available)
• Five year Fuel Sales (gallons) and 2008 YTD (displayed monthly)
• Five year Retail Sales and 2008 YTD (displayed monthly)
• Environmental Information
- Tank and line configurations, sizes & type
- Remediation reports on sites in remediation
- Tank and line tightness reports
• Current title reports
• Permits and Licenses (where available)
• ALTA/ACSM survey (where available)
Site Inspections
Properties may be inspected during normal business hours from 8:00am to 5:00pm local time. The store managers and employees have been instructed to refer any questions from a prospective bidder directly to NRC. UNDER NO CIRCUMSTANCES MAY PROSPECTIVE BIDDERS ASK QUESTIONS OF STORE MANAGERS OR STORE EMPLOYEES. BIDDERS VIOLATING THIS REQUIREMENT MAY BE DISQUALIFIED FROM BIDDING.
Branding and Fuel Supply Agreement
These sites are being sold without a fuel brand or fuel supply agreement, and buyers are responsible for obtaining fuel supply. Currently, most sites are branded Exxon on a month to month basis and buyers shall remove all Exxon trade dress at closing.
Terms and Conditions and Bidding Instructions
All offers are subject to the Terms and Conditions of sale (“Terms and Conditions”) located on the last pages of this brochure, on the NRC website at www.nrc.com/810, in the PSP and to the provisions of the Purchase and Sale Agreement (“PSA”). NRC will provide bidding instructions for the PSA, to be returned to NRC with the bid, to all bidders that have ordered PSPs. No other bidding method is available.
Bid Format
Properties will be sold ‘as-is, where-is’ with all faults. Bidders must submit with their bid, a cashier’s or certified check (“Bid Deposit”) equal to 2.5% of the bid amount for each property bid upon. The check should be made payable to NRC Realty Advisors, LLC. Bids received without a Bid Deposit are non-conforming and will not be considered. Within two (2) business days of written or fax notification from NRC of Seller’s acceptance of the bid(s), successful Bidders must increase their Bid Deposit to 10% of the bid price. NRC will return bid deposits from non-conforming or rejected bids by certified mail approximately ten (10) business days after the Bid has been rejected.
Buyers Premium
The buyer shall pay, in addition to the Purchase Price, an amount equal to 5% of the Purchase Price at closing.
Disclaimer
Although information has been obtained from sources deemed reliable, NRC, the Seller and any of their representatives, brokers or agents make no guarantees as to the accuracy of the information obtained herein, and offer the Property without expressed or implied warranty of any kind. Properties may be withdrawn at any time without notice. This sale is subject to additional Disclaimers in the sales brochure and the NRC website.
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