NRC Realty & Capital Advisors, LLC (NRC) has been retained by Buchanan Energy, LLC, to coordinate the sale of 38 ExxonMobil-branded gas stations in the Chicago area, as well as 23 BP-branded stations in the St. Louis area. All 61 stations are being sold with branded fuel supply.
The sale will be conducted using a sealed bid sale process. The bid deadline for the St. Louis-area stores is February 16, 2012, while the bid deadline for the Chicago-area stores is March 8, 2012.
Denny Ruben, Managing Director of NRC, said in a statement, “The combination of a long-term fuel supply agreement with a leader in the industry and the opportunity for ownership of the real estate makes these very desirable locations for existing operators as well as for new entrants to the industry. Anyone with an interest in either of these markets should take a serious look at the stores in this portfolio.”
Chicagoland stations are located in Arlington Heights, Aurora, Bartlett, Batavia, Bloomingdale, Bolingbrook, Buffalo Grove, Carol Stream, Deerfield, Des Plaines, Downers Grove, Elk Grove Village, Glendale Heights, Glenview, Highland Park, Highwood, Hoffman Estates, Itasca, Libertyville, Lombard, Naperville, Northbrook, Oswego, Palatine, Rolling Meadows, Roselle, Schaumburg, Streamwood, Warrenville and Woodridge. St. Louis area stations are in the city itself as well as in Cool Valley, Ellisville, Webster Groves and Wildwood in Missouri, and in the Illinois towns of Belleville, Cahokia, Edwardsville, Fairview Heights, Pontoon Beach and Washington Park.