First Coast Energy Trades Gas Stations
JACKSONVILLE, Fla. — First Coast Energy LLP, owner and operator of Daily's convenience stores, sold 13 gas stations and c-stores to Northeast Petro Holdings LLC.
The $14.4-million deal included seven Shell stations and one Sunoco-branded site in Duval County. None of the properties sold were a Daily's c-store, reported the Daily Record.
The Duval County properties were sold in Jacksonville Beach at:
- 7890 103 St.;
- 11150 Lem Turner Road;
- 5676 University Blvd. W.;
- 2500 Mayport Road;
- 3511 Emerson St.;
- 1922 and 2197 Kings Road; and
- 1539 S. Third St.
"This is the business model of reinvesting money in other areas," said Andrea Kane, spokeswoman for First Coast Energy. The deal was not part of a strategic plan because the company frequently buys and sells sites, she added.
Aventura-based Northeast Petro Holdings is led by Sergio Delmico, CEO of MNV Energy LLC, which owns two Jacksonville Shell stations at 5971 Ramona Blvd. and 818 Dunn Ave., the news outlet reported.
MNV operates 24 BP-, Chevron-, Shell- and Mobil-branded c-stores in Florida.
Jacksonville-based First Coast Energy operates 35 Daily's stores in Jacksonville, St. Augustine, Gainesville and Broward County. It also owns, operates and supplies fuel to about 200 sites, including Daily's c-stores, and Shell and Sunoco stations.