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Tuesday, July 5, 2011

Pantry to sell 114 stores in Southeast

Source: The News & Observer
By David Bracken

The Pantry is looking to sell 114 of its stores in the Southeast, including 41 in North Carolina.

The move was announced in a press release last month put out by NRC Realty & Capital Advisors, which is assisting The Pantry with the sale.

The Pantry officials declined to comment beyond what was included in NRC's release.

The company, which is based in Cary, operates 1,659 stores in 13 states. Most operate under the Kangaroo Express brand.

The properties up for sale include owned and leased stores. All but one include both a convenience store and a gas station.

The list includes 28 sites in Florida, 3 in Alabama, 7 in Georgia, 3 in Kentucky, 5 in Mississippi, 12 in South Carolina and 4 in Tennessee.

Twenty-two of the sites are being offered in packages ranging from two to eight stores each in five markets.

The deadline to bid on the properties is Aug. 2.