• 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   »  Auction September 20 & 21 by NRC Realty Advisors Offers Almost 400 New Homes & Properties

Press Releases

Tuesday, August 12, 2008

Auction September 20 & 21 by NRC Realty Advisors Offers Almost 400 New Homes & Properties

LAKE ORION, Mich. (August 12, 2008) Building on the success of an April, 2008 auction for two Southeast Michigan builders, NRC Realty Advisors will auction nearly 400 new homes and residential lots, located throughout Southeast Michigan, on behalf of 20 area builders and developers. The auction will be at 10:30 a.m. over two days: Saturday, September 20 at the Indianwood Golf and Country Club in Lake Orion and Sunday, September 21 at the Diamond Center at the Rock Financial Showplace in Novi.

Twenty-seven single family homes, 91 condominiums, executive golf course lots, approximately 250 development-ready subdivision sites and bulk subdivisions range in location from Lapeer to Dundee, with two properties located in Harbor Springs and Higgins Lake. A 5,750-square-foot Rochester home, originally priced at $1.67 million, will be auctioned separately, on Saturday, September 20 at the home in a by-invitation-only event.

"In distressed real estate markets such as Detroit, buyers have been able to pick up tremendous bargains when they buy at a real estate auction," said Laurie Tarver, senior vice president of NRC Realty Advisors. "These are great, brand new homes for sale, in a range of sizes and original price points that offer something for everyone, from renters becoming first time buyers, through those moving up for the first or second time and even to empty nesters. The builders want to get these homes off their books this year and are prepared to slash prices to move them quickly," Tarver said.

Bidders must provide a cashier's or certified check as a deposit. All properties are offered "as is," and all sales will be final. Registration begins at 8:30 a.m.

NRC will hold a How-To-Bidô seminar on Monday, September 8 at 7:30 p.m. at the Auburn Hills Marriott Pontiac at Centerpoint in Pontiac. Five lenders are providing financing for properties in the sale, and some will be at the How-to-Bid Seminar on the 8th to prequalify bidders for loans. A number of qualified home builders will be available to discuss building new houses for prospective buyers of home sites being auctioned.

"You can get a great bargain at an auction, but you absolutely must do your homework," Tarver said. "These properties are sold as-is. Some are incomplete or do not have a certificate of occupancy. Inspect every property you're interested in; maybe even bring a professional inspector. Talk with a lender and get pre-qualifed for a loan."

NRC will hold open houses from 1 to 4 p.m. August 23-24, September 6-7, 13-14 and 20 from 1 to 4 p.m. To confirm the dates and times for specific properties, and to view addresses and photos of the homes, people should visit www.nrc.com/816 or call 866-447-0672, ext. 816 during normal business hours.

NRC is an 18-year-old real estate auction company based in Chicago specializing in open outcry and sealed bid auctions across the country. For more information, visit http://www.nrc.com.