Site 19131, Eastern Iowa, Plus Tobacco Shop and Development Parcel, 8-Unit C-Store Package, IA
| Bid Deadline | |
|---|---|
| December 10, 2019 | |
| Offering Summary | |
|---|---|
| Eight convenience stores with gas (sold as one package or indivudually), one tobacco outlet store and one development site in eastern Iowa. All properties are owned in Fee. | |
| C-Store Site List | |
|---|---|
| • Site No. 1 - 1581 1st Avenue, Cedar Rapids, IA • Site No. 2 - 250 16th Avenue, Cedar Rapids, IA • Site No. 3 - 1010 E Post Road, Marion, IA • Site No. 4 - 975 Robins Road, Hiawatha, IA • Site No. 6 - 1120 Old Marion Road, Cedar Rapids, IA • Site No. 8 - 2875 Commerce Drive, Iowa City, IA • Site No. 9 - 4830 Johnson Avenue, Cedar Rapids, IA • Site No. 10 - 2330 Wiley Boulevard, Cedar Rapids, IA | |
| Consolidated Financial Summary - Convenience Stores with Gas (TTM Aug 2019) | |
|---|---|
| Number of Stores | 8 |
| Average Lot Size (ac) | 0.81 |
| Average Store Size (sf) | 2,451 |
| Development Parcel / Additional Assets | |
|---|---|
| • 10.01 acres in Williamsburg, Iowa. Site located at an on/off ramp for I-80 (optional purchase). • Currently-operating Tobacco Outlet in Marion, IA (optional purchase). | |
| Bidding Procedures and the Virtual Deal Room (VDR) | |
|---|---|
| NRC, on behalf of the Seller, is seeking definitive offers for all or some of the Convenience Stores with Gas, as well as any combination of the Tobacco Outlet, and/or the Development Parcel, in accordance with the bid process described in the Confidential Information Memorandum (CIM). Offers are due to NRC no later than 5:00 p.m. Mountain Standard Time on Tuesday, December 10, 2019. Upon approval by the Seller of a prospective purchaser’s proposed offer, purchaser will be given access to the Virtual Deal Room (VDR) through e-mail invitation from NRC. The VDR will contain a copy of the CIM, together with various due diligence documents, including, but not limited to, historical store-level income statements, fuel supply agreements, environmental information and reports, title insurance commitments and documentation, surveys, permits and licenses, tax information, and certain other information. In order to obtain a copy of the CIM, you must first sign the Confidentiality Agreement, which can be acce | |
| Broker Information | |
|---|---|
| NRC Realty & Capital of IA, LLC. Lic. #F05777000. | |