NRC is looking for a single buyer to purchase six Iowa c-stores with gas.
Six Iowa properties are being offered for sealed bid sale through NRC Realty & Capital Advisors LLC. The seller of the propertied retained Ravinia Capital as the financial advisor for the sale, and Ravinia retained NRC to act as the sale agent and to coordinate the offering and the sale of the properties.
All of the properties that are offered as a part of this sale are for sale as convenience stores with gas. The properties are all currently operating. Additionally, the properties are offered with the fee interest in the real property, and they include all furnishings and equipment owned by the seller. Inventory is also offered as a part of the sale, but is to be paid for separately. The properties, which are currently branded Guppy’s, will not be sold with the Guppy’s branding; however, they will be sold with the BP and Sinclair gas brands.
According to NRC, the seller prefers to sell the properties as a package to a single buyer. The properties are being offered with or without fuel supply; therefore, bidders should make their offers accordingly. That said, if the properties are sold without fuel supply, the buyer will assume responsibilities under the current BP and Sinclair supply agreements.
NRC has announced that the sealed bids for this sale must be submitted by Sept. 27, 2016, at 3 p.m. Central Time. All bids must be sent to:
NRC Realty & Capital Advisors, LLC
350 W. Ontario, 4th Floor
Chicago, IL 60654
ATTN: SEALED BID SALE 1618