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Wednesday, August 5, 2009

Enmark to sell 20 retail sites through NRC Realty & Capital Advisors

Source: National Petroleum News

NRC Realty & Capital Advisors, LLC, announced 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 ñ 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 Enmarkís private brand.

Evan Gladstone, executive managing director of NRC, said, ìSites are being sold without supply agreements or branding constraints, and we expect interest from distributors as well as smaller operators.î He said the sites are in high-traffic areas.

ìFor the most part, these are sites well outside our core marketing area,î commented Jim Mercer, Enmarkís vice president and general manager.

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 NRCís sealed bid process in a ìbuy one, some, or allî 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 provides 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.

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