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Thursday, May 3, 2012

Cumberland Farms to Sell 20 Northeast Sites

Source: Citybizlist New York

Cumberland Farms, Inc. has retained NRC Realty & Capital Advisors, LLC (NRC) to coordinate the strategic divestiture of 18 operating and closed convenience stores plus two retail development sites throughout the Northeast.

The 20 properties are located in a variety of urban and suburban markets in eight Northeastern states: six properties each in Massachusetts and New York, two in Rhode Island and Maine, and one each in Connecticut, New Hampshire, Pennsylvania and Vermont.

16 of the sites are convenience stores with gas, two are convenience stores without gas and two are land-only development sites. Buildings average 2,150 square feet and the average lot size is approximately 28,000 square feet. All are fee properties and the sale includes the underlying real estate.

Bidders will be afforded the opportunity to bid on operating and closed c-stores with or without fuel supply.

The bid deadline is July 12, 2012. Interested parties may view a complete site list at www.NRC.com/1203.

Cumberland Farms, Inc. is the fifteenth largest independent convenience store operator in the U.S.