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Tuesday, April 14, 2015

Nyack Retail Property in Batch of Commercial Sites for Sale
It's on Route 59

Source: Nyack-Piermont Patch
By Lanning Taliaferro, Patch Staff

NRC Realty & Capital Advisors will coordinate the divestiture of 6 operating and non-operating gasoline stations and 27 commercial and retail properties owned by Getty Realty Corp. in seven states.

One site is in Nyack—at 32 Route 59.

The 27 commercial and retail properties are located in Connecticut, Maine, Massachusetts, New Hampshire, New York, Pennsylvania and Rhode Island.

The site sizes range from 6,500 square feet to 1.19 acres and the building sizes range from kiosks up to 2,700 square foot buildings. Many of the sites are improved with automotive service bays.

“These sites are very appealing for a multitude of gasoline, automotive, retail and commercial uses,” said Evan Gladstone, NRC’s Executive Managing Director. “A majority of the sites are located on high-traffic corners in mature neighborhoods and in small towns. Investors will also be interested in bidding on the locations which have license agreements with operators,” added Gladstone.

The properties will be sold using NRC’s “buy one, some or all” sealed bid sale process. Property Specific Packages (due diligence packages) are expected to be available in May, with a bid deadline of June 11. Minimum bids are listed for the sites and range from $40,000 up to $580,000.

Interested parties may view a complete site list and register online for sale updates at www.NRC.com/1502, or by calling the NRC Customer Service Center at 800-747-3342, extension 1502.

NRC will be coordinating property viewings on sites without tenants by appointment only. Sites with licensees are open during normal business hours, and prospective bidders may view these sites as long as they do not disturb management or employees. Broker cooperation is encouraged, and a 3 percent broker co-op commission is being offered.