The properties will be sold using NRC’s well-known “buy one, some or all” sealed-bid sale process.
Global Partners LP is divesting 11 Global-operated c-stores with gas in New York state.
NRC Realty & Capital Advisors LLC (NRC) has been retained by Global Partners LP to coordinate the sale.
“The stores are located in the Albany, Schenectady, Poughkeepsie and Germantown areas,” said Evan Gladstone, executive managing director of NRC. He continued, “Anyone with an interest in these markets should take a serious look at these stores.”
Lot sizes range from 12,000 square feet to two acres and buildings range from kiosks to 3,355 square feet. Four of the sites being offered are fee-owned properties and seven are leaseholds.
All sites are currently company-operated. Sites are being sold with Global fuel supply agreements.
The properties will be sold using NRC’s well-known “buy one, some or all” sealed-bid sale process. A complete list of the properties and information regarding submitting offers is available online at www.nrc.com/1807.
Interested parties can register online to view detailed information about the sites or by calling the NRC Customer Service Center at 800-747-3342, extension 1807.
Due diligence packages on the sites (PSPs) are expected to be available in January 2019 with a bid deadline in late January or early February.