BP to Sell 51 Additional Stores

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BP to Sell 51 Additional Stores

06/27/2006
CHICAGO – BP has chosen NRC Realty Advisors to market 51 southeastern stores, 34 in south Florida and 17 in the Atlanta, Ga. area, in addition to the 56 stores it announced to sell in the Midwest last week.

The stores, which are available for individual or multiple purchase, are BP-branded gas stations with am/pm franchises, branded and unbranded stations with c-stores and other commercial sites. The sealed bids are due Aug. 15 to NRC, and any interested parties must attend an NRC seminar on sealed bids for the Florida locations.

As BP reevaluates its markets and site networks, it will continue to sell sites that do not comply with its financial objectives.

NRC will offer all-inclusive sales brochures and site specific packages for the 51 southeastern locations.