• 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

Thursday, September 4, 2008

Suggested opening bids in largest residential property auction hint at deals

Source: Ann Arbor Business Review
By Dan Meisler

Many of the suggested opening bids on the more than 65 lots and homes on five sites in Livingston and Washtenaw counties up for auction later this month are one-fourth the previous asking prices. Chicago-based NRC Realty Advisors Inc., at www.nrc.com/816, is conducting the auction Sept. 20 and 21, and it will be the largest auction of new residential property in Michigan's history.

In the Turtle Creek development near Howell, for example, half-acre home sites carry a suggested opening bid of $20,000. The previous asking price was $80,000, according to information from NRC Realty.

The Livingston properties up for auction also include five completed condominiums in The Meadows development, and 10 developed lots in Cedar Creek Estates.

Twelve build-ready lots in Brighton and five in Pinckney are also included.

In Washtenaw County, three single-family homes between 1,570 and 2,155 square feet in the Prospect Point East development in Superior Township also will be auctioned. Those homes, between 1,570 and 2,155 square feet, with three or four bedrooms and two-car garages, have suggested opening bids of between $55,000 and $65,000. Asking prices previously were between $213,000 and $243,000.

More than 400 properties will be auctioned.

Details: Visit www.nrc.com/816 or call (866) 447-0672 for more information.

NRC Contact:
Nicole Davis
Marketing Coordinator
NRC Media
312.278.6813
nicole.davis@nrcmedia.com