• 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.

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  • 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.

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  • 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.

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  • 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.

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  • 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.

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C-Store News

Tuesday, March 4, 2008

BP Selling Sites in Columbus

Source: Business First of Columbus
BP America Inc. plans to sell 47 gas stations in Central Ohio with the intention of redeveloping them into convenience stores under its "ampm" brand.

The Naperville, Ill.-based company, a unit of British oil giant BP Plc (NYSE:BP), said the sites for sale are among 146 in the Central Ohio, Cleveland and Pittsburgh areas that are available. Most are in Ohio, with 84 in Cleveland and 15 in Pittsburgh. For a complete listing of the Central Ohio locations for sale, click here.

The company said 121 will be available for franchisees, 24 as BP dealer sites, 12 with multiple offerings including commercial use, and one as a de-branded gasoline site.

The planned sale, brokered by Chicago-based NRC Realty Advisors LLC, is part of a larger move by BP to sell or franchise more than 700 of its remaining company-owned gas stations nationwide. The ampm brand was formed in 1978 by Arco Gasoline, which BP acquired in 2000.

The company didn't disclose the asking price for individual stations, but its Web site at bpampmfranchising.com indicates a total investment between $2.2 million and $6.6 million is needed for each site, including real estate costs. The estimated capital required is $700,000 to $1 million.

BP said NRC is accepting offers submitted by May 28. The firm plans to host seminars in the Columbus and Cleveland areas regarding the sales. More information is available at www.nrc.com/bp.

BP America Inc. plans to sell 47 gas stations in Central Ohio with the intention of redeveloping them into convenience stores under its "ampm" brand.