Press Releases 16-ACRE COMMERCIAL PROPERTY FOR SALE IN WEST MEMPHIS, ARKANSAS
CHICAGO, IL April 3, 2006 – NRC Realty Advisors, LLC (NRC) announces the sealed bid sale of a 16.44-acre former truck stop located in West Memphis,
Arkansas, approximately ten minutes east of Memphis, Tennessee. The corner property is located at the 7 th Street double-loop interchange, which
permits easy access to and from both directions on Interstate 40/55.
The site, located at 1333 North 7 th Street, is in condition for immediate occupancy or redevelopment. The property consists of an 18,153-sf
building that includes a travel store and full-service restaurant, as well as a 5,775-sf truck repair garage containing two truck bays and second
floor offices. The site also includes a large canopy covering half of the diesel lanes and a separate gas/auto-fueling canopy in front of the store.
All equipment on site will be included in the sale and will be sold "as-is."
Hope Mineo, Managing Director of NRC Realty Advisors, LLC, states, "This property is in good condition, offers a variety of desirable features and is at
a convenient location on a major interstate on the outskirts of Memphis. The successful bidder will certainly have a great opportunity to create their own success story."
NRC is soliciting foreclosure bids for the property on behalf of the seller, a major national lending institution, with sealed bids due on Tuesday, May 18, 2006.
Bidders will sign an agreement stating the amount that they will bid for the property at the foreclosure sale. The lender will initiate (or already has initiated)
the foreclosure of the property after it has accepted a bid agreement for that property.
NRC has prepared a property specific package (PSP), which contains information and bidding terms of sale. To order the individual bid package please contact the
NRC Customer Service Center at 800.747.3342, ext. 605, or order online at www.nrc.com/605.
NRC Realty Advisors, LLC, specializes in the accelerated sale of petroleum industry property and commercial real estate throughout the U.S., Mexico and Canada, and has sold over
10,000 properties since its inception in 1989. Since 2003, NRC has coordinated the sale of more than 1,600 sites aggregating over $560 million in sales. Clients include major oil
companies such as BP Products North America, Inc., Shell Oil Company, and Sunoco, Inc., well-known convenience store chains, leading franchise and commercial lenders, including GE
Capital Franchise Finance Corporation, Bank One Corporation and Wachovia Corp, retailers including Kmart, and independent retailers and distributors throughout North America.
For more information, please visit www.nrc.com.
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