Wednesday, May 9, 2018
Thirty-two Convenience Store Properties for Sale
Source: Convenience Store DecisionsBy CSD Staff
Convenience store properties for sale are located in Connecticut, Massachusetts, Maryland and New York.
NRC Realty & Capital Advisors LLC (NRC) has been retained by Global Partners LP to coordinate the sale of 32 nonstrategic locations with gasoline in the Northeast and Mid-Atlantic.
Of the 32 sites, nine are located in Connecticut, 14 in Massachusetts, six in Maryland, and three in New York.
Lot sizes range from 7,000 square feet to 1.4 acres and buildings range from kiosks to 3,300 square feet. Ten sites have repair shops. Eighteen of the sites being offered are fee-owned properties and 14 are leaseholds. Sites are being sold with Global fuel supply agreements.
“Most of these stores are in mature, highly built up areas with barriers to entry. The sites with auto repair shops provide additional rental income or can be run by buyers. This is a great opportunity for those already operating in these markets as well as for others looking to enter them,” said Evan Gladstone, executive managing director of NRC.
He continued, “Anyone with an interest in these markets should take a serious look at the stores in this portfolio.”
The properties will be sold using NRC’s well-known “buy one, some or all” sealed-bid sale process. A complete list of the properties and information regarding submitting offers is available online at nrc.com/1807.
Interested parties can register online to view detailed information about the sites or by calling the NRC Customer Service Center at (800) 747-3342, extension 1807. Due diligence packages on the sites (PSPs) are expected to be available in early-May, with a bid deadline of June 7, 2018.