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Tuesday, January 7, 2014

SDI Petroleum to Sell 12 Petroleum-Convenience Stores in Texas

Source: Fuel Marketer News

SDI Petroleum LLC of Houston, Texas, plans to sell twelve operating convenience stores with gas in Texas, said NRC Realty & Capital Advisors, LLC (NRC), which is coordinating a sealed-bid sale of the properties.

The convenience stores are located in Alamo, Brownsville (2), Donna, Edinburg, Laredo (6) and Pharr, Texas, on high-traffic corners. Building sizes for the convenience stores range from 1,090 to 4,000 square feet, with sites ranging from 13,000 square feet to 1.4 acres. Seven sites are being sold with real estate, while five sites will be offered as a leasehold interest. Sites may be sold with or without fuel supply. Sites will be sold without convenience store brand, but will retain the Shell fuel brand.

The sale is being conducted using NRC's "buy one, some or all" sealed bid sale process. A complete list of the properties and information regarding submitting offers is available here.

Interested parties can register online for sale updates or by calling the NRC Customer Service Center at 800-747-3342, extension 1311. Site-specific Property Specific Packages (due diligence packages) are available for download online, with a bid deadline scheduled for February 20, 2014.

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 real estate.