CHICAGO -- NRC Realty & Capital Advisors has set a Feb. 15 bid deadline for the sale of up to 55 fee properties in the Florida Panhandle.
Most of the properties are gas stations with c-stores, with major-branded gasoline that include BP, Shell, Exxon, Chevron and Mobil, according to NPN Magazine, which added that sites may be purchased either with or without fuel supply agreements.
Using NRC's "buy one, some or all" format the properties are being sold through a sealed bid sale and financing from an affiliate of the seller is available for qualified buyers who must prequalify before making bids, according to NPN.
"This sale, along with other divestiture transactions anticipated from major oil companies and other industry players, should provide significant opportunities for expansion by existing operators," Denny Ruben, NRC managing partner told the magazine. "This follows the trend already established in 2010."
In December of last year NRC Realty served as exclusive financial advisor to Presto Convenience Stores LLC when The Pantry Inc completed its acquisition of 47 Presto c-stores in Kansas and Missouri.
"There are some very good companies and portfolios of properties coming onto the market," Ruben told NPN, "and even with some of the current economic headwinds, there are ample buyers looking for attractive acquisition opportunities. And some of them are looking to either expand their current footprint or perhaps venture well beyond it, as The Pantry did with the Presto acquisition."
Regarding the Feb. 15 bid deadline, interested parties may register online at www.nrc.com/1010 or by calling (800) 747-3342, Ext. 1010. A sales brochure and complete property-specific information is posted on the NRC Web site and is available to registered parties.