Wednesday, June 8, 2011
34 Sam's Marts For Sale In Atlanta, GA Area Through NRC Realty & Capital Advisors
Chicago, IL June 8, 2011 ? NRC Realty & Capital Advisors, LLC (NRC) announced today that it has been retained by Sam's Real Estate Holdings-Georgia, LLC, to coordinate the sale of 34 prime c-stores with gas in the greater Atlanta, Georgia market area. The properties are high-volume Shell-branded gas stations with convenience stores currently operating under the "Sam's Mart" trade name. They are being sold with Shell-branded supply, but without the c-store brand.
The majority of the properties have medium- to large-sized c-stores of 2,000 to 3,900 square feet on lots up to 2.5 acres. With the exception of five leased sites, they are being sold with the underlying real estate. Stores are concentrated in northern Atlanta suburbs outside the Perimeter, with nearly half in the cities of Marietta, Alpharetta, Kennesaw and Roswell.
"These are some of the best sites we've seen come onto the market in recent years," said Evan Gladstone, Executive Managing Director of NRC. "The combination of great sites, long-term supply, and the ability to operate your c-store under your own brand offers some great opportunities for qualified buyers. Anyone interested in the growing Atlanta market or seeking to expand operations should take a serious look at these high-quality stores."
The sale is being conducted using NRC's well-known "buy one, some or all" sealed bid sale process. The bid deadline is August 18, 2011. A complete list of the properties and information regarding submitting offers is available online at www.nrc.com/1113. Interested parties can register there for sale updates or by calling the NRC Customer Service Center at 800-747-3342, extension 1113. A sales brochure containing information for all of the sites in the sale will be available shortly and a site specific Property Specific Package (PSP) will be available for each property by late June.
"We're excited to be working with NRC on the sale of our stores, and are looking forward to a successful outcome," said Paul Mastroianni, COO of Sam's Mart, "We've worked very hard over the past several years on these sites, and believe we have some of the best stores in the Atlanta area."
Sam's Mart is headquartered in Matthews, North Carolina, and has annual sales in excess of $1 billion. The owner and employees of Sam's Mart opened the first store in June 1991, and the company has grown steadily over the ensuing years, largely through acquisitions. As of today, Sam's Mart operates a chain of 150 stores in Georgia, North Carolina and South Carolina.
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), financial institutions (GE Capital and Fifth Third) and retail (Kmart).