A — May 10 - 23, 2013 — Mid Atlantic Real Estate Journal www.marejournal.com M id A tlantic R eal E state J ournal A uctions In 12 Northeastern and Mid-atlantic States through Nrc Realty & Capital Advisors Getty Realty Corp. to conduct sealed bid sale of 108 commercial properties & gasoline stations C hicago, IL — NRC Realty&CapitalAd- visors, LLC (NRC)
ground storage tanks will be removed prior to closing. The properties are being sold without gas brand or fuel supply. Most of the 68 commercial and retail properties are improved with operating or closed gasoline stations. Original asking prices for the properties range from $75,000 to $1,000,000; how- ever, properties are being offered in the sealed bid sale at minimum bids of up to 50% off the original asking prices. Getty will also consider leas- ing properties to qualified tenants. The properties will be sold using NRC’s well-known “buy one, some or all” sealed bid sale process. Property Spe- cific Packages (due diligence packages) are expected to be available in May, with a bid deadline of July 10, 2013. Interested parties may view a complete site list and reg- ister online for sale updates
at website. “These sites are very attrac- tive for a variety of gasoline, automotive, retail and com- mercial uses,” said Evan Gladstone , NRC’s executive managing director. “The ma- jority are located on high- traffic corners in mature neighborhoods and in small towns. Investors will also be interested in bidding onmany of the locations which have license agreements with op- erators,” added Gladstone. NRC will be coordinating property viewings on sites without tenants on sched- uled viewing dates, currently anticipated for May. Dates and times will be listed on the NRC website. Sites with licensees are open during normal business hours, and prospective bidders may view these sites as long as they do not disturb the users. Broker cooperation is encouraged, and a 3% broker co-op com- mission is being offered. n
announced that it has been retained again by Getty Realty Corp. to coordinate the divestiture of 40 gasoline stations and 68 commercial and retail properties formerly used as gas stations in Con- necticut (4), Delaware (2), Illinois (1), Maryland (1), Massachusetts (16), New Hampshire (1), New Jersey (21), New York (40), North Carolina (3), Pennsylvania (14), Rhode Island (4) and Vermont (1). Many of the sites are currently being operated by licensees under month-to- month license agreements. The 40 gasoline stations are located in a variety of urban and suburban markets in nine states. All are fee owned properties and the sale in- cludes the improvements on the underlying real estate, except for certain sites with respect to which the under-
Multi-Property Auction Friday, June 7 at 1:00 PM Auction Location: Wyndham–Mount Laurel, 1111 Rt 73 North, Mount Laurel, NJ 08054 - Conf Room D Bank Ordered Auctions
1-855-831-4242 NJ-PA-DE-NY-MD-VA
Property #1
Property #2
Property #3
2-8 N. Main St, 7,504± sf Former Bank Branch Woodstown, NJ
1 Clubhouse Rd, 5,873± sf Former Bank Branch Brown Mills, NJ
U.S. Route 9, 0.95± Acre Lot C-1 Zoning Ocean Township, NJ
Seller Ordered Auctions
Property #5
Property #6
Property #4
428 S. Church St, Just off Route 38 Moorestown Twp, NJ
23 S. Hook Rd, 0.92± Acre Lot, C Zoning Pennsville, NJ
116 Fairview Ave, VI2I¿FH%XLOGLQJ Voorhees Twp, NJ
PROPERTY PREVIEWS: Properties 1 & 2: Wed, May 22 & 29, 12:00-2:00 PM Properties 4 & 6: Sunday, May 19, 1:00-3:00 PM Properties 3 & 5: Preview at your leisure
Online Bidding Available! www.WarnerRealtors.com
Mid Atlantic Real Estate Journal, 1/4 pg, May 10
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