The most recent round of sales was the third time NRC Realty Advisors coordinated a station disposition, says NRC Realty Advisors managing director Hope Mineo. By selling the properties, Philadelphia-based Sunoco will continue to supply most of the stations with gasoline on long-term agreements. All but 12 of the properties will continue to operate as gasoline stations, most with convenience stores attached.
"Divestments of select retail sites, while retaining the Sunoco brand, have been a key element of our marketing strategy," says Sunoco senior vice president of marketing Bob Owens.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
