Monday, August 10, 2009
NRC to Coordinate Sale of 20 Enmark Gasoline Stations
Source: The OilSpot News
NRC Realty & Capital Advisors, LLC said it has been retained by Savannah, Georgia-based Enmark Stations, Inc. to coordinate the sale of 20 retail petroleum sites located in North Carolina, South Carolina, and Ga.
The sale portfolio consists of operating retail gasoline stations in a variety of formats-some with full convenience stores, some with only a kiosk and some include carwashes. The sites, which are being divested by the company, all include the underlying real estate.
All of the stations have been operating under EnmarkÃs private brand. Individual stores are located in Albany, Baxley, Cedartown, Dublin, Hartwell, Hazlehurst, Pooler and Powder Springs, Ga.; Black Mountain and Hendersonville, N.C.; and Anderson (two sites), Belton, Fountain Inn, Greenwood, Greenville, Lexington, Moncks Corner, Newberry and Williamston, S.C.
Ã¬These are exceptional properties in high-traffic areas,Ã® said Evan Gladstone, executive managing director of NRC. Ã¬Sites are being sold without supply agreements or branding constraints, and we expect interest from distributors as well as smaller operators.Ã®
The locations will be sold through NRCÃs sealed bid process in a Ã¬buy one, some, or allÃ® format. Bid deadlines, as well as additional information about the individual properties will be forthcoming over the next few weeks.
Ã¬For the most part, these are sites well outside our core marketing area,Ã® commented Jim Mercer, EnmarkÃs vice president and general manager. Ã¬We believe they will make excellent stores for the right buyer.Ã®
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