Monday, March 5, 2007
Gilligan Oil selling 13 gasoline stations in OhioCHICAGO, IL MARCH 5, 2007 - NRC Realty & Capital Advisors, LLC, (NRC) announced today that it has been retained by Cincinnati-based Gilligan Oil Company, LLC, to coordinate and execute a sealed bid sale of 13 gas stations in Ohio.
The sale portfolio consists of 12 operating Shell gas stations and 1 operating Sunoco station, all with c-stores; ten locations also have car washes. All locations will be sold with 15-year fuel supply agreements and are located in the Greater Cincinnati Area: Cincinnati (3 locations), Loveland (3 locations), West Chester (2 locations), Blue Ash, Columbus, Hamilton, Sharonville and Withamsville Ohio.
"These are exceptional properties in high-traffic areas," said Hope Mineo, Managing Director of NRC. "Gilligan's superior reputation as a distributor and operator for c-store excellence makes these sites immediately appealing in the Ohio market."
"We are looking to grow our market share by balancing our co-op store count with our dealer store count" said Pat Gilligan, President and CEO of Gilligan Oil. "There are highly qualified dealers out there who will be able to take advantage of this excellent opportunity to grow with us."
Gilligan Oil was founded in 1993 by Patrick Gilligan and has numerous company operated and dealer operated locations in central and southern Ohio. Gilligan Oil sells fuel under Shell, Sunoco, and Exxon banners at more than 80 retail locations. Gilligan's service portfolio includes convenience stores, gasoline stations, car washes and franchise restaurants.
NRC will conduct a How-To-Bid Seminar© on Tuesday, April 3, 2007, at the Sheraton Cincinnati North in Cincinnati, OH. 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 707.
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 May 3, 2007. For bid submission guidelines, or to order brochures and PSPs, contact the NRC Customer Service Center at 800.747.3342, extension 707, or visit click here.