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Friday, September 8, 2017

Global Partners Selling 19 C-Stores

Source: Convenience Store Decisions
By CSD Staff

Convenience stores for sale in Massachusetts, Maine, New Hampshire and Rhode Island.

NRC Realty & Capital Advisors LLC (NRC) has been retained by Global Partners LP to coordinate its third sale for the company.

Of the 19 sites, six are located in Connecticut, and seven in Massachusetts with the balance in Maine, New Hampshire, and Rhode Island. These properties are part of a group of non-strategic retail locations being sold by Global.

The average lot sizes are 28,000-square feet. Average building sizes are 1,950 square-feet with buildings ranging from kiosks to locations of more than 4,700-square feet. Of the 19 sites, 12 are fee-owned properties and seven are leaseholds.

“Global Partners, LP is offering these attractive sites with long-term fuel supply, but will also consider selling without supply,” said Evan Gladstone, executive managing director of NRC.

The properties will be sold using NRC’s well-known “buy one, some or all” sealed-bid sale process. For a complete list of the properties, their channels of trade, site specific information and instructions for submitting offers, please visit www.nrc.com/1711. Interested parties can register online or by call the NRC Customer Service Center at 800-747-3342, extension 1711.

Property Specific Packages (PSP) are expected to be available shortly, with a bid deadline of Oct. 5, 2017.