NRC Realty & Capital Advisors LLC (NRC) announced that it has been retained by Niazi Family Investments to sell nine Texas convenience stores with gas and two truck stops.
Stores are located in Houston, Humble, Kingwood, Galena Park, and in Shepard, El Campo, Waller, Weimer and Sinton Texas.
The stores have building sizes ranging from 1,565-9,810 square feet. Many locations have additional tenants including Jack-in-the-Box, Church’s Chicken, Goodwill Industries, Dickey’s BBQ and others. Lot sizes are up to 4.11 acres. Fuel brands are 76, Exxon and Shell.
Three of the stores are company operated, and the balance are dealer-operated. All stores are fee owned.
“The seller is offering these attractive sites with long-term fuel supply,” said NRC Executive Managing Director Evan Gladstone. “They plan on keeping the stores in their fuel network, although they will consider bids without supply.”
The properties will be sold using NRC’s well-known “buy one, some or all” sealed-bid sale process and has a bid deadline of Sept. 18, 2019.
For a complete list of the properties, their channels of trade, site specific information and instructions for submitting offers, visit www.nrc.com/1909.
Interested parties can register online or by call the NRC Customer Service Center at (800) 747-3342, extension 1909.
Sale is being conducted in conjunction with NRC Realty & Capital Advisors of Texas LLC.
NRC provides a full array of real estate and financial advisory services to the convenience store and petroleum industries and specializes in the accelerated sale of commercial real estate. NRC’s breadth of experience in the convenience-store arena includes portfolio evaluation and analysis; refinancing, recapitalization and sale-leaseback financing options; and merger and acquisition advisory services.
Since its inception in 1989, NRC has sold more than 15,000 properties. Clients include globally recognized companies Sunoco, 7-Eleven, BP North America, Circle K, Global Partners, LP and RaceTrac.