Register Contact Us 800.747.3342

News - Article


Sunday, April 19, 2015

Two gas stations part of Getty sale

Source: The Telegram & Gazette

CHICAGO — Two local gas stations are among 27 commercial and retail properties that have been put up for sale by Getty Realty Corp. of Chicago.

A BP gas station at 48 W. Main St., Northboro, and a Getty gas station at 109 Main St., Oxford, are included in the portfolio of properties.

NRC Realty & Capital Advisors have been retained to coordinate the divestiture of six operating and nonoperating gasoline stations, and 27 commercial and retail properties in Connecticut (6), Maine (4), Massachusetts (6), New Hampshire (2), New York (9), Pennsylvania (3) and Rhode Island (3).

The gas stations are all are fee-owned properties. The sale includes the improvements on the underlying real estate, including the underground storage tanks. The properties are being sold without gas brand or fuel supply. Minimum bids are listed for the sites and range from $145,576 to $520,000.

Site sizes of the 27 commercial and retail properties range from 6,500 square feet to 1.19 acres. Building sizes range from kiosks up to 2,700-square-foot buildings. Many sites are improved with automotive service bays. Minimum bids are listed for the sites and range from $40,000 up to $580,000.

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, 2015. 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. Call the NRC Customer Service Center at 800-747-3342, Ext. 1502 to schedule a property visit.