Wednesday, August 5, 2009
Enmark To Sell 20 Retail Sites
Company expects distributors and small operators alike will show interest in purchasing the properties.
Source: Convenient Store Decisions
Savannah, Ga.-based Enmark Stations Inc. has hired NRC Realty & Capital Advisors LLC to coordinate the sale of 20 retail petroleum sites being divested by the company.
The sale portfolio consists of operating retail gasoline stations in a variety of formats, including full convenience stores, some with kiosk only, and some with carwashes. All 20 properties for sale include the underlying real estate. Two of the stations are in North Carolina, 10 are in South Carolina and eight are in Georgia. All stations have been operating under Enmark's private brand.
"These are exceptional properties in high-traffic areas," said Evan Gladstone, executive managing director of NRC. "Sites are being sold without supply agreements or branding constraints, and we expect interest from distributors as well as smaller operators."
"For the most part, these are sites well outside our core marketing area," noted Jim Mercer, Enmark's vice president and general manager. "We believe they will make excellent stores for the right buyer."
Individual stores are located in Albany, Baxley, Cedartown, Dublin, Hartwell, Hazlehurst, Pooler and Powder Springs, Georgia.; Black Mountain and Hendersonville, North Carolina; and Anderson (two sites), Belton, Fountain Inn, Greenwood, Greenville, Lexington, Moncks Corner, Newberry and Williamston, S.C.
The locations will be sold through NRC's sealed bid process in a "buy one, some, or all" format. Bid deadlines, as well as additional information about the individual properties, will be forthcoming during the next few weeks. Those interested in sales updates can register online at www.nrc.com/910 or call (800) 747-3342, ext. 910.
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