Friday, August 19, 2016
Six Iowa C-Stores for Sale
Source: Convenience Store DecisionsBy CSD Staff
NRC coordinates sale of six Iowa c-stores with the option of fuel supply.
Ravinia Capital LLC of Chicago has retained NRC Realty & Capital Advisors to act as marketing agent and broker to coordinate the sale of six Guppy’s on the Go stores. Ravinia Capital is the financial advisor to the seller.
The six stores to be sold are located in Cedar Rapids, Marion, Robins, Postville, Elgin and Tripoli, Iowa, with store sizes ranging from 1,500 to 3,500 square feet. All sites are branded BP except for two, which are branded Sinclair. Sites are being sold with or without fuel supply in NRC’s ‘buy one, some or all’ bid process; however, it is the seller’s preference to sell the stores to a single buyer. Most stores have Godfather pizza franchises and are modern offerings with large canopies and single-hose MPDs.
Information on the sites is available on the NRC website at www.nrc.com/1618 and due diligence packages will be ready for download within the next several weeks. Bids are due no later than September 27.