NRC Announces Tri Star Energy Divestiture

NRC announced today the sale specifics for the strategic divestiture of a number of convenience stores and retail gasoline outlets in Tennessee for Tri Star Energy, LLC (“Tri Star”) of Nashville, Tenn. Proceeds from the divestiture are to be used for expansion and acquisition opportunities. The list includes a diverse mix of company-operated and consignment sites (with and without real estate interests) and supply-only sites with equipment, as well as several parcels of undeveloped land.

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NRC Mart Opens ‘Doors’

From the CSP Daily News

CHICAGO -- NRC Realty & Capital Advisors LLC (NRC) has rolled out NRC Mart, a service for sellers of single or multiple convenience stores that capitalizes on NRC's extensive credentials in the sale of large portfolios. NRC Mart launched yesterday with an initial listing of approximately 20 c-stores with gasoline in Southern California, Arizona and Connecticut valued at $40 million, but is expected to have additional stores for sale in Chicago, Atlanta and other cities in the near future.

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Circle K To Sell 87 Sites Nationwide

Circle K has retained NRC Realty & Capital Advisors LLC, based here, to sell off 87 of its locations across the country. The places to be sold include 74 petroleum sites and 13 commercial sites. The total represents 60 operating locations, 22 closed stores and five vacant sites.

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Ray of Sunshine for Appco

From the CSP Daily News

BLOUNTVILLE, Tenn. -- In a sudden change of direction, Appalachian Oil Co. Inc. (Appco) will now be sold to a single buyer rather than broken up for several purchasers. The Appco chain in eastern Tennessee, in bankruptcy since early this year, is slated to be sold to Florida Sunshine Investments I Inc., Coral Gables, Fla., the same company that recently bought Appco's sister-company Crescent Oil Co. Inc., Independence, Kansas. The announcement was made by Denny Ruben, managing director of NRC Realty & Capital Advisors LLC, Chicago, which is handling the Appco sale under direction of the bankruptcy court.

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NRC to Coordinate Sale of 20 Enmark Gasoline Stations

NRC Realty & Capital Advisors, LLC said it has been retained by Savannah, Georgia-based Enmark Stations, Inc. to coordinate the sale of 20 retail petroleum sites located in North Carolina, South Carolina, and Ga.

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