Thursday, August 18, 2016
NRC Tapped To Sell 6 Iowa C-Stores
CHICAGO, IL (August 18, 2016) – NRC Realty & Capital Advisors, LLC announced today that it has been retained by Ravinia Capital LLC of Chicago, Illinois as marketing agent and broker to coordinate the sale of six Guppy’s on the Go stores located in and around Cedar Rapids, IA. Ravinia Capital is the Financial Advisor to the seller.
The stores are located in Cedar Rapids, Marion, Robins, Postville, Elgin and Tripoli, with store sizes ranging from 1,500 to 3,500 square feet. All sites are branded BP except for two, which are branded Sinclair. Sites are being sold with or without fuel supply in NRC’s ‘buy one, some or all’ bid process, however, it is the seller’s preference to sell the stores to a single buyer. Most stores have Godfather pizza franchises and are modern offerings with large canopies and single-hose MPDs.
Information on the sites is available on the NRC website at www.nrc.com/1618 and due diligence packages will be ready for download within the next several weeks. Bids are due no later than September 27.
About Ravinia Capital
Ravinia Capital LLC is a Chicago-based boutique investment bank that serves as transactional advisors to middle market clients on capital market initiatives including sales, mergers and acquisitions, and refinancing. It helps its clients understand their funding needs, sources the correct funding opportunities or buyer, and then structures and closes transactions. With its focus on middle market companies, Ravinia Capital seeks to address the unique complexities that are often found in privately-held or family-owned businesses. Please visit our website at raviniacapitalllc.com or email info@raviniacapitalllc.com for more information.
To see a list of convenience stores for sale and gas stations for sale, click here.