• 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   »  Press Releases   »  Circle K Tidies Up

Press Releases

Monday, August 10, 2009

Circle K Tidies Up

Selling a total of 87 sites, including 60 operating locations, to "optimize" network
Source: CSP Daily News

LAVAL, Quebec — In an effort to prune sites that don't currently match the company's retail criteria, Circle K Stores Inc. is selling 87 locations. The final list of properties to be divested includes 74 petroleum sites and an additional 13 commercial sites. Of the total, 60 properties are operating locations, 22 are closed stores and five are vacant sites.

As reported in a CSP Daily News Flash yesterday, the properties are located in various markets in Alabama (4), Colorado (2), Florida (41), Georgia (19), Illinois (1), Louisiana (3), Mississippi (1), Missouri (2), New Mexico (6), North Carolina (3), Oklahoma (1), South Carolina (2), Tennessee (1) and Texas (1). The majority of the sites include the real estate, while others consist of leasehold interests.

Chicago-based NRC Realty & Capital Advisors LLC will be assisting Laval, Quebec-based Circle K, a subsidiary of Alimentation Couche-Tard Inc., with the sale under a previously announced retention agreement.

Growth-conscious Couche-Tard told CSP Daily News in late July that it intended to divest itself of about 75 unwanted stores by the end of the calendar year. "We're divesting some of the sites that don't fit our criteria," Butch Seber, vice president of real estate and development for Couche-Tard, said at the time. "We've gone through a number of acquisitions over the last few years and have operated the stores for some time. Now we're trying to optimize our network and clean up our portfolio."

Denny Ruben, managing director of NRC, said yesterday, "These are all properties which will make excellent locations for the right buyers. Given the high level of interest in similar locations in these states, and our success in selling such locations, these sites should generate a great deal of interest among potential purchasers.

The sites will be sold using NRC Realty & Capital Advisors LLC's "buy one, some or all" sealed-bid sale process. NRC has established a September 29 bid deadline. A complete list of properties is available online at www.nrc.com/908, or by calling the NRC Customer Service Center at (800)747-3342, extension 908.

NRC Realty & Capital Advisors provides real estate and financial advisory services to the convenience store and petroleum industries, and specializes in the accelerated sale of commercial and residential real estate. NRC's breadth of experience in the c-store arena includes portfolio evaluation and analysis; refinancing, recapitalization & sale-leaseback financing options; and merger and acquisition advisory services. Industry clients include BP, Circle K, Shell, Sunoco and White Hen Pantry.

Couche-Tard has a network of 5,443 convenience stores in 11 large geographic markets, including eight in the United States covering 34 states and three in Canada covering 10 provinces. There are more than 2,100 Circle K stores across the United States.

Copyright © 2009 CSP Information Group, Inc.