• 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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Press Releases

Wednesday, January 24, 2007

NRC Realty & Capital Advisors, LLC Tops $300 Million in 2006 Sales ? A Growth of 43% With Sales of Properties in 31 States

Chicago, Illinois; January 24, 2007 - NRC Realty & Capital Advisors, LLC, a national leader in the structured sale of commercial real estate and financial and real estate advisory services for the petroleum and convenience store industries, announced a 43% increase in sales volume for 2006 with closings of properties in 31 states.

"NRC closed on the sale of 260 properties for over $300 million in sales volume for the year. This is our second straight year of double digit growth," said Hope Mineo, Managing Director of NRC. Properties sold through sealed bid sales in 2006 included franchised convenience stores, service stations, casual dining and quick service restaurants, retail pad sites and development land.

The majority of the sales for the Chicago-based company involved properties located in California (42), Arizona (26), Kentucky (25), Ohio (23), Indiana (15), Illinois, Florida and New Jersey (11 each). Key clients for NRC in 2006 included BP, Arby's, Inc., White Hen Pantry, Inc., GE Capital Franchise Finance Corporation, U.S. Realty Advisors, LLC and Sunoco, according to Mineo.

In addition to real estate sales, NRC served as exclusive financial advisor to major convenience store operators and was successful in obtaining forward commitments for sale-leaseback financing totaling $85 million for construction of new convenience stores in the Midwest and Southeast. The expansion into financial and real estate advisory services and the 1031 marketplace became a focus of NRC in 2004 when Dennis Ruben, former Executive Vice President and General Counsel of GE Capital Franchise Finance Corporation, joined NRC as a principal and Managing Director.

NRC enters 2007 with a continuation of its retention by BP in connection with BP's strategic franchise expansion program to coordinate the sale of BP-branded am/pm convenience stores and gas stations, including buildings, fixtures and real property. Franchise store sales for BP are currently underway in Indianapolis and Pittsburgh. In addition, NRC has current engagements as financial advisor to companies seeking in excess of $100 million in sale-leaseback financing in connection with corporate recapitalizations or acquisitions.

NRC also plans to expand its reach with homebuilders through land auctions, and is slated to exhibit at the Midwest Builders Show in March in Rosemont, Illinois.

NRC Realty & Capital Advisors, LLC, specializes in the accelerated sale of North American commercial real estate property. With a concentration in the convenience store industry, NRC provides divestiture, commercial and financial advisory real estate services. Since 1989, it has sold more than 10,000 parcels, including 1,600 sites (generating $500 million) in the past 3 years. Clients include globally-recognized companies in a variety industries, including petroleum (BP, Shell, and Sunoco), convenience stores (White Hen, BP Connect, ampm), financial institutions (GE Capital, Bank One, and Wachovia), retail (Kmart), and closely-held distributorships and independent retailers. For more information, visit www.nrc.com.