• 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

  • The Pantry Divesting 37 Stores

    From Convenience Store Decisions

    The Pantry Inc. is selling 37 stores located in nine states throughout the Southeast as part of a strategic divestment. The facilities are located in a variety of markets in Alabama (2), Florida (4), Georgia (4), Kentucky (1), Mississippi (1), North Carolina (13), South Carolina (6), Tennessee (1) and Virginia (5).

    The properties include four company-owned and 33 leased locations. All are operating convenience stores with gas. The stores range in size up to 4,800 square feet and property lot sizes range from relatively small parcels up to three-acre sites.

    read more

  • NRC Realty To Sell 26 Properties In West Virginia, Pennsylvania & Ohio

    NRC Realty & Capital Advisors, LLC (NRC) announced today that it will be coordinating the sale of 22 operating and closed c-stores plus four excess retail pad sites currently owned, leased, and/or operated by Prima Marketing, LLC, of Denver, Colorado. The properties are located in West Virginia and nearby areas of Pennsylvania and Ohio and include a mix of operating gas stations with c-stores, closed sites, and retail pad sites on key corners.

    read more
NRC.com   »  About Us   »  News   »  C-Store News   »  Tri Star Divestiture Details

C-Store News

Thursday, January 7, 2010

Tri Star Divestiture Details

Source: CSP Daily News

NRC announced today the sale specifics for the strategic divestiture of a number of convenience stores and retail gasoline outlets in Tennessee for Tri Star Energy, LLC (?Tri Star?) of Nashville, Tenn. Proceeds from the divestiture are to be used for expansion and acquisition opportunities. The list includes a diverse mix of company-operated and consignment sites (with and without real estate interests) and supply-only sites with equipment, as well as several parcels of undeveloped land.

The locations and business interests will be sold through a sealed bid sale in a ?buy one, some or all? format. A brochure with a finalized list of sites and full information will be available from NRC within a few days. Site-specific information, as well as general sale information and sale terms and conditions are now available at www.nrc.com/915. Bids will be due on February 18, 2010.

Founded in 2000 and headquartered in Nashville, Tri Star Energy distributes petroleum products in middle Tennessee and operates retail gasoline outlets and convenience stores in Tennessee and Kentucky. The sites being divested are scattered throughout the company?s operating territory, the bulk of which are located in the Greater Nashville market. Additional markets include Tullahoma, Knoxville and Chattanooga, among others. Gasoline brands of the sites include Shell, Exxon and BP.

Of the 84 operating store sites in the package, 26 are currently company-operated and 58 are consignee sites. A total of 30 sites are fee properties, another 15 are leasehold properties, one is a combination fee and leasehold property, 17 are being offered fee or lease and the remaining 21 are part of a distributor supply package.

In addition to those 84 stores, the sale portfolio includes 9 real estate sites, 7 of which are closed stores or vacant parcels and two that are currently operating, but will be closed upon transfer of deed.

NRC Realty & Capital Advisors, LLC provides a full array of real estate and financial advisory services and specializes in the accelerated sale of commercial and residential real estate. NRC?s breadth of experience includes portfolio evaluation and analysis; refinancing, recapitalization & sale-leaseback financing options; and merger and acquisition advisory services. Since its inception in 1989, NRC has sold more than 10,000 properties. That has included, since 2003 alone, more than 2,100 convenience stores and service stations for an amount in excess of $1.5 billion for clients. Among NRC?s clients are globally recognized companies in a variety of industries, including petroleum (BP, Shell and Sunoco), convenience stores (White Hen Pantry and Circle K), financial institutions (GE Capital, Fifth Third and Bank of America) and retail (Kmart). For more information, visit www.nrc.com.