Wednesday, August 5, 2009
Enmark to sell 20 retail sites through NRC Realty & Capital Advisors
Source: Daily Business News
CHICAGO - NRC Realty & Capital Advisors, LLC, (NRC) announced today that it has been retained by Savannah, Georgia-based Enmark Stations, Inc. 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 - some with full convenience stores, some with kiosk only, and some also including carwashes. All 20 properties for sale include the underlying real estate. Two of the stations are in North Carolina, ten 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," commented Jim Mercer, Enmark's Vice President & 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 (2 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 over the next few weeks. For sale updates, register online at www.nrc.com/910 or call 800.747.3342, ext. 910.
NRC Realty & Capital Advisors, LLC provides a full array of real estate and financial advisory services to the convenience store and petroleum industries, and specializes in the accelerated sale of commercial and residential real estate. NRC's breadth of experience in the convenience store arena includes portfolio evaluation and analysis; refinancing, recapitalization & sale-leaseback financing options; and merger and acquisition advisory services. Since its inception in 1989, NRC has sold more than 10,000 properties. Clients include globally recognized companies in a variety of industries, including petroleum (BP, Shell and Sunoco), convenience stores (Circle K, White Hen Pantry), financial institutions (GE Cap