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Thursday, October 18, 2018

Twenty-Two C-Stores for Sale in Texas, Louisiana and Other States

Source: Convenience Store Decisions
By Erin Del Conte

Most of the c-stores for sale are located on the I-20 corridor and many are currently open and operating.

NRC Realty & Capital Advisors LLC (NRC) has announced a number of c-stores for sale in five states.

NRC is selling 22 convenience stores and gas stations located in Texas (11), Louisiana (5), Mississippi (3), Arkansas (2) and one store in Oklahoma.

Most of the Texas and Louisiana stores are located on the I-20 corridor from Longview, Texas to Shreveport, La. Sixteen stores are currently open and operating and six sites are closed. Sites offer major gas brands, and are being sold with or without supply.

Most of the stores range in size from 2,000 to 4,100 square feet and are on sizeable lots.

“Although these sites do not fit our operating model going forward,” said Raymond Smith, president of Fikes Wholesale, Inc., “the sites will likely perform well for new operators.”

“These are attractive properties,” commented Evan Gladstone, NRC’s exeutive managing director. “With the intense consolidation in the convenience stores industry, we expect spirited bidding from individual operators and local jobbers.”

The properties are being sold through NRC’s sealed bid sale process with bids due on Tuesday, Dec. 4. Further information can be obtained by going to the NRC website www.nrc.com/1818, or calling NRC customer service at (800) 747-3342 extension 1818.

Due diligence packages which contain real estate and financial information on the sites should be available in the next several weeks. Stay Updated