Friday, September 11, 2009
Enmark Bid Deadline AnnouncedCHICAGO, IL ? September 11, 2009 ? NRC Realty & Capital Advisors, LLC, (NRC) announced today that the Bid Deadline for the sale of 20 retail petroleum sites plus one vacant parcel being divested by Georgia-based Enmark Stations, Inc. has been set for November 3, 2009.
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 21 properties for sale include the underlying real estate. Two of the stations are in North Carolina, ten are in South Carolina, and eight, plus the one vacant parcel, are in Georgia. All stations have been operating under Enmark?s private brand, but are being sold without branding or supply agreement.
"Since the initial announcement there has been a great deal of interest from potential buyers," said Denny Ruben, Managing Director of NRC. "We are anticipating a highly successful Bid Day."
"While the majority of these sites are outside our core marketing area, we believe that they will provide an excellent business opportunity for the right buyer" commented Jim Mercer, Enmark?s Vice President & General Manager.
Individual stores are located in Albany, Austell, Baxley, Cedartown, Dublin, Hartwell, Hazlehurst, Pooler and St. Marys, Georgia; Black Mountain and Hendersonville, North Carolina; and Anderson (2 sites), Belton, Fountain Inn, Greenville, Greenwood, Lexington, Moncks Corner, Newberry and Williamston, South Carolina.
The locations will be sold through NRC?s sealed bid process in a "buy one, some, or all" format. Brochures are available by calling 800.747.3342, ext. 910. To view property specific information and to receive sale updates, register online at www.nrc.com/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