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Monday, August 10, 2009

NRC to Coordinate Sale of 20 Enmark Gasoline Stations

Source: The OilSpot News

NRC Realty & Capital Advisors, LLC said it has been retained by Savannah, Georgia-based Enmark Stations, Inc. to coordinate the sale of 20 retail petroleum sites located in North Carolina, South Carolina, and Ga.

The sale portfolio consists of operating retail gasoline stations in a variety of formats-some with full convenience stores, some with only a kiosk and some include carwashes. The sites, which are being divested by the company, all include the underlying real estate.

All of the stations have been operating under Enmarkís private brand. Individual stores are located in Albany, Baxley, Cedartown, Dublin, Hartwell, Hazlehurst, Pooler and Powder Springs, Ga.; Black Mountain and Hendersonville, N.C.; and Anderson (two sites), Belton, Fountain Inn, Greenwood, Greenville, Lexington, Moncks Corner, Newberry and Williamston, S.C.

ìThese are exceptional properties in high-traffic areas,î said Evan Gladstone, executive managing director of NRC. ìSites are being sold without supply agreements or branding constraints, and we expect interest from distributors as well as smaller operators.î

The locations will be sold through NRCís sealed bid process in a ìbuy one, some, or allî format. Bid deadlines, as well as additional information about the individual properties will be forthcoming over the next few weeks.

ìFor the most part, these are sites well outside our core marketing area,î commented Jim Mercer, Enmarkís vice president and general manager. ìWe believe they will make excellent stores for the right buyer.î

Copyright © 2009 DTN

To see a list of convenience stores for sale and gas stations for sale, click here.