CHICAGO, October 24 – Knight Enterprises Inc., operators of Midwest-based gas stations
and other commercial properties, is looking to sell 35 convenience stores
with 15-year fuel supply agreement as well as five shuttered gas stations
with convenience store locations. In total, the company, which also serves
as a petroleum distributor to more than 155 stores in Michigan, also put on
the auction block a 71,000-square foot strip shopping center, 15 commercial
lots in Albion, Mich., a 200-acre development in Grayling, Mich. and a
closed restaurant.
NRC Realty Advisors will handle the sealed bid sale of the 56 properties
located in Michigan, Ohio and Illinois. "These are exceptional properties in
high-traffic areas," said Hope Mineo, managing director of NRC. "Knight's
national reputation for c-store excellence makes these sites immediately
appealing. We expect to generate strong buying interest throughout the
entire Midwest, if not beyond."
All locations on auction will be sold in a sealed-bid sale in a "buy one,
some or all" format. Bids are due Dec. 14. For guidelines or ordering
information, contact NRC's Service Center at 800.747.3342 Ext. 614.
Knight is also an E85 distributor that has been an important part of the
introduction of that fuel to the Midwest.
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