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Wednesday, August 12, 2009

Circle K To Sell 87 Sites Nationwide

Source: Convenience Store News

August 12, 2009 - CHICAGO-Circle K has retained NRC Realty & Capital Advisors LLC, based here, to sell off 87 of its locations across the country. The places to be sold include 74 petroleum sites and 13 commercial sites. The total represents 60 operating locations, 22 closed stores and five vacant sites.

"These are all properties which will make excellent locations for the right buyers," Denny Ruben, NRC managing director, says. "Given the high level of interest in similar locations in these states, and our success in selling such locations, these sites should generate a great deal of interest among potential purchasers."

Properties span Alabama, Colorado, Florida, Georgia, Illinois, Louisiana, Mississippi, Missouri, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. Most of the sites include the real estate, while others consist of leasehold interests. Sealed bids will be accepted through the deadline of Sept. 29 for the portfolio as the whole, or for individual sites or a selection of some of the available properties.

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