Thursday, June 9, 2011
34 Georgia C-store/Gas Stations For Sale
Bid deadline set for Aug. 18.
Source: Convenience Store Decisions
Sam's Real Estate Holdings ? Georgia LLC is selling 34 c-store properties located in the greater Atlanta, Ga., metropolitan area by sealed bid sale. Sam's has retained NRC Realty & Capital Advisors LLC (NRC) to coordinate the offering and sale of the properties.
Sealed bids are required to be received by NRC no later than Aug. 18, 2011, at 3 p.m. CST and sent to:
NRC Realty & Capital Advisors, LLC
363 W. Erie Street, Suite 300E
Chicago, IL 60654
ATTN: SEALED BID SALE 1113
The Properties are offered for sale to be operated as gasoline stations with unbranded convenience stores. These sites are offered with the fee or leasehold interest in the real property and furnishings, equipment and inventory. Of the properties available, 29 are owned in fee, while five are leasehold properties. All will be sold with a branded fuel supply agreement with a term of 20 years or until the end of the primary lease term plus all available options for lease properties, whichever is earlier. The price for fuel under the fuel supply agreement will be rack plus one cent and a successful purchaser will be required to post a security deposit of a $25,000 letter of credit or cash deposit at Closing.
The offering and sale of the Properties in this sealed bid sale are subject to the Terms and Conditions of Sealed Bid Sale that may be found on the last pages of the Brochure, on the NRC Website at http://www.nrc.com/1113
The Terms of Sale provide the specific conditions by which the sealed bid sale will be conducted. Bidders are advised to carefully review the terms of sale; non-compliance may cause a sealed bid to be disqualified from consideration.