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Wednesday, March 16, 2016

Four C-Stores, QSR For Sale in Pennsylvania
Gas stations operating under BP brand, restaurant under Papa John’s

Source: CSP Daily News

WASHINGTON, Pa. – Thomaston Land Co. of Washington, Pa., is selling four BP convenience stores with gasoline in Johnstown, Pa., and La Vale, Md., and one Papa John’s quick-service restaurant (QSR) in Johnstown.

Lot sizes range from 16,400 square feet to 1.25 acres, while store sizes range from approximately 1,280 square feet to 1,580 square feet. All of the properties offered are fee-owned.

Gas station sites are being sold with or without fuel supply, but will be sold with the BP fuel brand, and all convenience stores are being sold without c-store branding.

Thomaston Land Co. has retained NRC Realty & Capital Advisors LLC, Chicago, to coordinate the sale.

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 www.nrc.com/1603.

Property-specific packages (PSP) are expected to be available in late-March, with a bid deadline of May 3, 2016.

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 and residential real estate. NRC's breadth of experience in the convenience-store arena includes portfolio evaluation and analysis; refinancing, recapitalization & sale-leaseback financing options; and merger and acquisition advisory services. Since its inception in 1989, NRC has sold more than 15,000 properties. Clients include companies in a variety of industries, including petroleum (BP, Shell and Sunoco), convenience stores (7-Eleven, CST Brands and Circle K), financial institutions (GE Capital, StanCorp Mortgage Investors and Fifth Third Bank) and industrial (YRC Worldwide).