Enmark to Sell 20 Retail Sites

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Enmark to Sell 20 Retail Sites

08/05/2009
SAVANNAH, Ga. -- Enmark Stations will sell 20 retail petroleum sites—all operating under Enmark's private brand—through NRC Realty & Capital Advisors LLC.

"For the most part, these are sites well outside our core marketing area," Jim Mercer, Enmark’s vice president and general manager, said in a statement. "We believe they will make excellent stores for the right buyer."

As reported yesterday in a CSNews Online newsflash, the sale consists of operating retail gasoline stations, including full convenience stores and kiosks. Some of the locations also boast car washes. All properties include the underlying real estate. Two of the stations are located in North Carolina, 10 are in South Carolina and eight are in Georgia.

"These are exceptional properties in high-traffic areas," Evan Gladstone, executive managing director of NRC, said in a statement. "Sites are being sold without supply agreements or branding constraints, and we expect interest from distributors as well as smaller operators."

The locations will be sold through NRC’s sealed bid process in a "buy one, some or all" format, NRC stated. Bid deadlines and additional information will be forthcoming and can be found at www.nrc.com/910 or by calling (800) 747-3342, ext. 910.

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