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Wednesday, March 30, 2011

Ten petro-convenience stores for sale in Toledo

Source: NPN Magazine

NRC Realty & Capital Advisors, LLC, announced that it has been retained to coordinate the sale of 10 BP-branded gas stations with convenience stores in the Toledo, Ohio, market.

All sites are currently operated by the seller as gas station/convenience-stores. All are fee properties, with deed restrictions precluding non-BP-branded motor fuel operations until December 2021. Fuel supply is currently through a BP jobber; a new owner will need to negotiate and enter into a new agreement for fuel supply.

The properties will be sold through a sealed bid sale utilizing NRC's "buy one, some or all" format. The bid deadline has been set for May 3, 2011. To view property specific information and to receive sale updates, register online at www.nrc.com/1103. Sales brochures are available for download on the website.

NRC Realty & Capital Advisors, LLC, Chicago, Ill., provides real estate and financial advisory services to the convenience store and petroleum industries, and specializes in the accelerated sale of commercial and residential real estate.