The previous sealed bid deadline for the six properties being offered by Thomaston Land Co. has been extended an additional two weeks.
The deadline for the previously announced sealed bid sale offered by Thomaston Land Co. has been extended. The company is still offering six properties located in Maryland and Pennsylvania by sealed bid sale, through NRC Realty & Capital Advisors LLC (NRC), but bids will now be accepted through May 17, 2016, at 3:00 p.m. Central Time.
Thomaston is offering five properties for sale as convenience stores with gas, which are currently operating, and one property is offered for sale as a former quick service restaurant. All of the properties are offered with the fee interest in the real property. All Properties include furnishings and equipment owned by the seller. Equipment leased by the seller or owned by third parties will not be sold with the properties and will be removed prior to closing. All convenience stores and the quick service restaurant will be sold unbranded.
The gas properties are offered with or without fuel supply and bidders may make their offers according to their preference. Although offers without fuel supply will be entertained, the seller’s preference is to sell the gas properties subject to the seller’s fuel supply agreement. Gas properties are sold with the fuel brand.
Gas properties will be sold with 10-year fuel supply agreements with fuel priced at rack plus one cent, plus freight and taxes. Terms and conditions of fuel supply will be subject to credit approval, and the amount and type of collateral that the supplier will require to be posted by the purchasers of the gas properties will be dependent upon the creditworthiness of the purchasers.