Wednesday, July 16, 2008
New West Stations, Inc. to sell 5 West Coast locations - located in the Sacramento market. In addition, other companies offer 4 sites in Southern California.CHICAGO, IL - June 30, 2008 - NRC Realty & Capital Advisors, LLC, (NRC) announced today that it has been retained by Sacramento based New West Stations, Inc. to coordinate the sale of sites in Northern California.
The sale portfolio consists of five (5) fee-owned operating convenience stores with gasoline stations. Most locations have Del Taco or Wendy's License Agreement. All the stations are currently branded Shell or Chevron and four (4) have convenience stores.
In addition, four (4) operating businesses with long-term ground leases are available in Southern California. Two (2) are being offered with am/pm Franchise and ARCO branded gasoline stations with car washes as well as one (1) Chevron branded gasoline with C-Store and Subway Franchise plus one (1) Shell branded gasoline with C-Store.
"These are properties with large footprints in high-traffic areas and all are being sold with re-branding opportunities" said Evan Gladstone, Executive Managing Director of NRC. "NRC is pleased to continue our partnership with New West and coordinate the sale of the Southern California sites with other sellers". NRC is currently offering 32 convenience stores mostly in and around San Diego in a July 22nd bidding.
"My family and I have decided to exit the retail business, expand the wholesale fuel business and enter into other business ventures", commented Gil Moore, New West's founder and owner.
NRC is offering both an all-inclusive sales brochure as well as individual property specific packages (PSPs). The free brochure provides overviews of the property listings, including location and sales volume. The $35 PSPs ($25 CD-ROM versions available upon request) contain site-specific bid packages and detailed due diligence information. For more information, please contact the NRC Customer Service Center at 800.747.3342, extension 812.
The locations will be sold through a sealed bid sale in a "buy one, some, or all" format; bids are due August 26, 2008. For bid submission guidelines, or to order brochures and PSPs, contact the NRC Customer Service Center at 800.747.3342, extension 812, or visit http://www.nrc.com/812
NRC Realty Advisors specializes in the accelerated sale of commercial real estate. With a concentration in the convenience story industry, NRC provides comprehensive real estate and financial advisory services. Since 1989, NRC has sold more than 10,000 propert