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Wednesday, January 18, 2017

Sunoco LP Divesting 100 Real Estate Assets

Source: Convenience Store Decisions
By CSD Staff

Properties are located in a number of states and will be sold in a sealed bid sale.

Sunoco LP (“SUN” or the “Partnership”) has retained NRC Realty & Capital Advisors, LLC to assist with strategic alternatives for more than 100 real estate assets. Real estate assets included in this process are company-owned locations, undeveloped greenfield sites and other excess real estate.

Properties are located in Florida, Louisiana, Massachusetts, Michigan, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Texas and Virginia.

The properties will be sold through a sealed-bid sale in a ‘buy one, some or all’ format with bids due on March 7, 2017, for the operating sites and on April 4, 2017 for the surplus properties. The Partnership will review all bids before divesting any assets.

Information about the sale and a list of available sites can be obtained by visiting the NRC website at www.nrc.com/1702 or calling NRC at 800-747-3342 ext. 1702. Due diligence information on each property will also be available through the NRC website approximately 30 days prior to each sealed bid deadline.