KNIGHT ENTERPRISES SELLING 56 GAS STATIONS AND COMMERCIAL PROPERTIES
NRC Realty Advisors, LLC, announced Oct. 23 that it has been retained by Knight Enterprises, Inc., Novi, Mich.,
to coordinate and execute a sealed bid sale of 56 Michigan, Ohio, and Illinois properties.
The sale portfolio consists of 35 operating gas stations with c-stores, sold with 15-year fuel supply agreements;
5 closed gas stations with c-stores; one 71,000-square foot strip shopping center located in Albion, Mich.; 15
commercial lots, including a 27-acre land parcel adjacent to the Albion strip shopping center and a 220-acre
development parcel in Grayling, Mich.; and one closed restaurant.
In addition to its portfolio of Midwest gasoline stations and commercial properties, Knight is a major
petroleum distributor and currently serves over 155 Michigan stations, according to the announcement.
It is one of the nation’s foremost distributors of E85, an ethanol derivative, and has been instrumental
in introducing the blend to its Midwest stations.
NRC will conduct a How-To-Bid Seminar® on Thursday, Nov. 16 in Detroit. All interested parties are encouraged
to attend the free seminar to learn more about the sale. For more information and reservations, please contact
the NRC Customer Service Center at 800.747.3342, extension 614.
NRC is offering both an all-inclusive sales brochure as well as individual property specific packages (PSPs).
The free brochure provides overviews of the property listings, including location and sales volume. The $35 PSPs
($25 CD-ROM versions available upon request) contain site-specific bid packages and detailed due diligence information.
All sites will be sold through a sealed bid sale in a "buy one, some, or all" format; bids are due Dec. 14, 2006.
For bid submission guidelines, or to order brochures and PSPs, contact the NRC Customer Service Center at
800.747.3342, extension 614, or visit the NRC Web site at nrc.com/614.
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