• Insider's View: A Q1 M&A and Capital Markets Review

    More players chasing fewer assets

    From CSP Daily News

    SCOTTSDALE, Ariz. -- Last year was truly a banner year for merger and acquisition activity in the convenience store industry. We witnessed the culmination of major oil company retail asset divestitures, as well as a very aggressive acquisition program by 7-Eleven Inc.

    read more

  • 7-Eleven Retains NRC Realty & Capital Advisors For Store Sales

    From Convenience Store Decisions

    7-Eleven Inc. retained NRC Realty & Capital Advisors to coordinate the sale of 30 gas stations and c-stores in upstate and western New York.

    The 30 locations stretch from Fredonia and Buffalo in the west through Elmira and Watertown to communities next to Lake Champlain in northeast. Lot sizes range from 5,500 to nearly 81,000 square feet, while store sizes range from 1,100 to 3,500 square feet. All sites are being sold without 7-Eleven branding. Fuel sites are currently branded Mobil, Sunoco or unbranded.

    read more

  • Getty Realty Puts 66 Sites Up for Sale

    From Convenience Store News

    CHICAGO -- Getty Realty Corp. has tapped NRC Realty & Capital Advisors to lead its divesture of 66 retail and commercial properties. The sites are spread through six markets in the Northeast and Mid-Atlantic regions.

    “These sites are very attractive for a variety of retail and commercial uses,” said Dennis Ruben, NRC's executive managing director. “The majority are located on high-traffic corners in mature neighborhoods and in small towns. Investors will also be interested in bidding on many of the locations under licenses with operators.”

    read more

  • Cumberland Farms to sell 18 convenience stores & 2 undeveloped sites

    From NPN Magazine

    Cumberland Farms, Inc. plans to sell 18 convenience stores, some of which are operating, some of which are closed, plus two retail development sites. All of the properties are in the Northeast, according to a statement by NRC Realty & Capital Advisors, which said it was retained to handle the sale.

    The company has a market-leading position throughout the Northeast as well as a significant presence in the Mid-Atlantic region and Florida.

    read more

  • NRC Announces the Acquisition of City Stop Assets by S&S Fuels, LLC

    NRC Realty & Capital Advisors, LLC ("NRC") announced today that S&S Fuels, LLC ("S&S") of Littleton, Colorado, has acquired all of the assets of City Stop Inc. and its affiliates ("City Stop") in the metropolitan Las Vegas, Nevada market. NRC served as the exclusive financial advisor to City Stop during the private placement sale.

    City Stop offers a "one-stop-shopping" concept, providing customers with multiple services such as gasoline, car washes, groceries, gaming and US Postal Service units.

    read more

  • NRC announces auction of cross-dock industrial portfolio

    NRC Realty & Capital Advisors, LLC, announced today that it has been retained by YRC Worldwide to coordinate the sale of 61 surplus cross-dock industrial sites located throughout the country. Geographically, the sites are primarily in the Southeast and Midwest with the remaining sites in New England, Texas and Los Angeles, California. While the sites are improved with cross-dock terminals, they are also adaptable to a variety of industrial, and in some cases retail, uses. YRC Worldwide has one of the largest less-than-truckload (LTL) networks in North America YRC Worldwide has designated these sites as surplus and has closed the facilities over the past several years.

    read more
NRC.com   »  About Us   »  News   »  Articles   »  Buchanan Energy Selling 61 Stations

Articles

Wednesday, November 30, 2011

Buchanan Energy Selling 61 Stations

Source: Convenience Store Decisions
By CSD Staff

Locations for sale in Chicago and St. Louis markets.

Buchanan Energy LLC is selling 38 ExxonMobil-branded gas stations in the Greater Chicago area, as well as 23 BP-branded stations in the Greater St. Louis area. All 61 stations are being sold with branded fuel supply with help from NRC Realty & Capital Advisors.

"These stores include a number of our prime retail locations and some high-volume stations,"said Buchanan Energy's President Steve Buchanan. "We believe they will provide great opportunities for the right dealers or multi-site operators." He added, "We will also give serious consideration to bidders who are able to provide additional fuel volume from other locations."

The sale will be conducted using NRC's well-known "buy one, some or all" sealed bid sale process. The bid deadline for the St. Louis-area stores is Feb. 16, 2012, while the bid deadline for the Chicago-area stores is March 8, 2012. A complete list of the properties and information regarding submitting offers is available online at www.nrc.com/1105. Interested parties can register there for sale updates or by calling the NRC Customer Service Center at (800) 747-3342, extension 1105. A sales brochure containing information for all of the sites in the sale will be available and a site specific Property Specific Package (PSP) will be available for each property by mid-December.

"The combination of a long-term fuel supply agreement with a leader in the industry and the opportunity for ownership of the real estate makes these very desirable locations for existing operators as well as for new entrants to the industry," said Denny Ruben, managing director of NRC. "Anyone with an interest in either of these markets should take a serious look at the stores in this portfolio."

Chicagoland stations are located in Arlington Heights, Aurora, Bartlett, Batavia, Bloomingdale, Bolingbrook, Buffalo Grove, Carol Stream, Deerfield, Des Plaines, Downers Grove, Elk Grove Village, Glendale Heights, Glenview, Highland Park, Highwood, Hoffman Estates, Itasca, Libertyville, Lombard, Naperville, Northbrook, Oswego, Palatine, Rolling Meadows, Roselle, Schaumburg, Streamwood, Warrenville and Woodridge. St. Louis area stations are in the city itself as well as in Cool Valley, Ellisville, Webster Groves and Wildwood in Missouri, and in the Illinois towns of Belleville, Cahokia, Edwardsville, Fairview Heights, Pontoon Beach and Washington Park.