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Wednesday, April 16, 2014

NRC Realty retained to sell Fort Worth gas stations, others

Source: Fort Worth Business Press
By A. Lee Graham, Reporter

Sixty one Texas gas stations are among 100 former and current gas stations and convenience stores nationwide set for sale.

Chosen by CST Brands Inc. to sell the properties is NRC Realty & Capital Advisors.

Of the 61 Texas sites, 30 are in Dallas-Fort Worth. In Fort Worth, they are Valero stations at 101 Longhorn Road, 1751 Sycamore School Road, 2160 Jacksboro Highway, 3601 Sycamore School Road, 9308 Clifford St. and 9836 White Settlement Road, with the remaining two Tarrant County stores at 100 W. Harwood Road in Hurst and 6877 Boulevard 26 in North Richland Hills.

In a March announcement, CST noted that in looking to optimize its network, it had identified about 100-plus stores that were candidates for sale, the majority of which could potentially be added to the company’s growing wholesale distribution business in the U.S.

”We are streamlining our operations in order to focus on our core business strategy to build larger format stores that can offer a wider array of enhanced product offerings.” said Steve Motz, senior vice president and chief development officer at CST Brands, parent company of Corner Store, commenting in a news release.

The properties will be sold 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 online at nrc.com/1406. Interested parties can register online for sale updates or by calling the NRC Customer Service Center at 800-747-3342, extension 1406.