Seven Sites For Sale

Michigan c-stores include transportation agreements

Published in CSP Daily News

CHICAGO -- Seven convenience stores with gasoline are on the market in Michigan with a five-year transportation agreement and optional supply agreements.

Six of the sites are being sold with real estate, and one will be sold business and improvements only. Two sites in Alma and Ithaca are being sold branded as Marathon, and the remaining five sites in Alma, Chesaning, Alpena (2) and Edmore will be sold privately branded.

The locations are being sold by NRC Realty Advisors LLC, Chicago, through a sealed bid sale in a buy one, some [image-nocss] or all format with bids due on Thursday, November 3. A complete site list is available online at www.nrc.com/522 or by calling the NRC Customer Service Center at (800) 747-3342, Extension 522.

NRC has prepared a color sales brochure and individual property-specific packages for each property. The packages contain store-level information and bidding terms of sale. Packets are $35 for a hard copy and $25 for a CD-ROM.

NRC Realty Advisors specializes in the sale of petroleum industry property and commercial real estate throughout the United States, Mexico and Canada, and has sold more than 10,000 properties since its inception in 1989. Since 2003, NRC has coordinated the sale of more than 1,600 sites aggregating more than $560 million in sales. Clients include major oil companies, such as Sunoco Inc., BP America and Shell Oil Co.; convenience store chains; and leading franchise and commercial lenders, including GE Capital Franchise Finance Corp., Bank One Corp. and Wachovia Corp.