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Tuesday, October 5, 2010

BP West Coast Products to sell 28 ARCO-branded stations

BP West Coast Products is selling 28 ARCO-branded retail sites.
Source: NPN Magazine

BP West Coast Products is selling 28 ARCO-branded retail sites, NRC Realty & Capital Advisors said. NRC is handling the selling process. The portfolio includes eight sites in the Sacramento and San Francisco areas; nine sites in the Los Angeles and San Diego areas; four sites in the Eugene and Portland, Oregon areas; and seven sites in the Seattle area.

Most of the sites (22) are available as combination ampm franchises with ARCO branded gasoline. The remaining six are offered as ARCO dealer sites with fuel agreements only.

The locations will be sold through NRC's sealed bid process in a "buy one, some, or all" format. Offers must be received by NRC by the bid deadline of December 2. Sales brochures are available by calling 800.747.3342, ext. 1009. Prospective buyers wishing to view property-specific information or receive sale updates may register online at www.nrc.com/1009.

NRC will conduct complimentary webinars for those interested in submitting offers for these locations. Separate regional online webinars will be held for Northern California, Southern California and the Pacific Northwest the week of November 8. Complete details, including times and registration procedures, are available at www.nrc.com/1009.

BP markets more than 15 billion gallons of gasoline every year to U.S. consumers through more than 11,000 BP and ARCO branded retail outlets and supplies more than four billion gallons of fuel annually to fleets, industrial users, auto and truck manufacturers, railroads and utilities.

NRC Realty & Capital Advisors, LLC provides real estate and financial advisory services and specializes in the accelerated sale of commercial and residential real estate.