Thursday, June 9, 2011
Sam's Mart Georgia Sale
Selling 34 Shell-branded locations with unbranded c-stores in greater Atlanta area
Source: CSP Daily News
ATLANTA -- Sam's Real Estate Holdings-Georgia LLC is selling 34 convenience stores with gasoline in the greater Atlanta market area. The stores are concentrated in the northern Atlanta suburbs outside the heavily traveled "Perimeter," the interstate loop that surrounds the city, with nearly half in the cities of Marietta, Alpharetta, Kennesaw and Roswell, Ga.
The properties are high-volume Shell-branded stations with c-stores currently operating under the Sam's Mart trade name. They are being sold with Shell-branded supply, but without the c-store brand.
The majority of the properties have medium- to large-sized c-stores of 2,000 to 3,900 square feet on lots up to 2.5 acres. With the exception of five leased sites, they are being sold with the underlying real estate.
"We've worked very hard over the past several years on these sites and believe we have some of the best stores in the Atlanta area," said Paul Mastroianni, COO of Sam's Mart.
As reported in a Morgan Keegan/CSP Daily News Flash yesterday, the company has retained Chicago-based NRC Realty & Capital Advisors LLC to facilitate the sale.
"These are some of the best sites we've seen come onto the market in recent years," said Evan Gladstone, executive managing director of NRC. "The combination of great sites, long-term supply and the ability to operate your c-store under your own brand offers some great opportunities for qualified buyers. Anyone interested in the growing Atlanta market or seeking to expand operations should take a serious look at these high-quality stores."
The sale is being conducted using NRC's "buy one, some or all" sealed-bid sale process. The bid deadline is August 18, 2011. A complete list of the properties and information regarding submitting offers is available online at www.nrc.com/1113. A sales brochure containing information for all of the sites in the sale will be available shortly and a site specific Property Specific Package (PSP) will be available for each property by late June.
NRC Realty & Capital Advisors, LLC 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. NRC's experience in the convenience store arena includes portfolio evaluation and analysis; refinancing, recapitalization and sale-leaseback financing options; and merger and acquisition advisory services. Since its inception in 1989, NRC has sold more than 10,000 properti
To see a list of convenience stores for sale and gas stations for sale, click here.