• The Pantry Enters New Markets
    With Acquisition

    From Convenience Store News

    CARY, N.C. -- The Pantry Inc. will expand its portfolio of convenience stores into two new states through the signing of a definitive agreement to acquire 47 stores located in Kansas and Missouri from Presto Convenience Stores LLC.

    "This acquisition expands our geographic footprint and creates new fill-in opportunities for future growth," The Pantry President and Chief Executive Officer Terrance M. Marks said in a statement. The deal marks The Pantry's first venture into both of these states.

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  • NAI Global Forms Alliance with
    NRC Realty & Capital Advisors for
    Online Sealed-Bid Auctions

    NAI Global, the world’s premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, has formed an alliance with NRC Realty & Capital Advisors, LLC. NRC will work with NAI Global brokers across the U.S. in disposing of single commercial properties and real estate asset portfolios.

    NRC will become a strategic partner in the Commercial Property PowerSale™, adding to the program’s live auction and loan portfolio sales capabilities.

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  • NRC Realty Advisors changes name to
    NRC Realty & Capital Advisors

    To highlight its growth in financial advisory services since 2004, NRC Realty Advisors, LLC, a Chicago-based firm specializing in the accelerated sale of real estate by auction and sealed bid sales, has changed its name to NRC Realty & Capital Advisors, LLC.

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  • NRC to Coordinate Nationwide Sale of
    More than 60 Former Bennigan's, Steak & Ale Properties

    CHICAGO, IL, September 17, 2008 -- More than 60 former Bennigan's Grill and Tavern and Steak & Ale properties located throughout the United States in prime, heavily trafficked locations will be sold next month in a sealed bid sale coordinated by NRC Realty & Capital Advisors, LLC. The bid deadline for the sealed bid sale is October 28, 2008.

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  • NRC Mart Opens ‘Doors’

    From the CSP Daily News

    CHICAGO -- NRC Realty & Capital Advisors LLC (NRC) has rolled out NRC Mart, a service for sellers of single or multiple convenience stores that capitalizes on NRC's extensive credentials in the sale of large portfolios. NRC Mart launched yesterday with an initial listing of approximately 20 c-stores with gasoline in Southern California, Arizona and Connecticut valued at $40 million, but is expected to have additional stores for sale in Chicago, Atlanta and other cities in the near future.

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C-Store News

Friday, May 7, 2010

Pantry Sale of Gas Stations Includes 2 in Cape Fear Region

Two gas stations in the Cape Fear region are among 80 properties being sold off by The Pantry Inc.

NRC Realty & Capital Advisors LLC said this week it is working with The Pantry in a "strategic divestiture" of the stations, convenience stores and empty properties throughout the Southeast.

A Mobil station at 921 W. Broad St. in St. Pauls and a Citgo at 3106 S. Horner Blvd. in Sanford are among 11 locations up for sale in North Carolina.

The stores will be sold using a "buy one, some or all" sealed bid process, according to NRC. A bid deadline has not been set. Information about the sale is online at nrc.com/1005.

"While these sites don't fit with our company's current strategic plans," said Jim Bosworth, a vice president with The Pantry, "they can be excellent locations for the right buyer, be they national distributors, independent operators or those in other retail businesses."

The Pantry is one of the nation's largest independently operated convenience store chains with 1,655 stores in 11 Southeastern states, as of January. Formerly headquartered in Sanford, the company is now based in Cary.