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95 Sunoco Stations Command $58M

CHICAGO-All but 12 of the stations located in Florida, the Carolinas, the Northeast US and Midwest US will continue to operate as gasoline stations, most with attached convenience stores. NRC Realty Advisors, LLC fields 543 bids, with 62 buyers ultimately claiming the properties.

By Mark Ruda | Updated on January 31, 2005

CHICAGO-Nearly 100 Sunoco gasoline stations and retail stores have been sold to 62 buyers for a combined $58 million. The stations, located in Florida, the Carolinas, the Northeast US and Midwest US, generated 543 bids, says NRC Realty Advisors, LLC, which handled the sale.

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.

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