Wednesday, August 7, 2019
Niazi Family Investments Selling 11 Locations in Texas
Company plans to keep stores in fuel network
Source: CSP Daily NewsBy Greg Lindenberg, Editor
HOUSTON —Niazi Family Investments Ltd. is selling nine convenience stores with gasoline and two truckstops in Texas. Three of the stores are in Houston, and the others are in Humble, Kingwood, Galena Park, Shepard, El Campo, Waller, Weimer and Sinton, Texas.
Lot sizes are up to 4.11 acres, and the stores have building sizes ranging from 1,565 to 9,810 square feet. Many locations have additional tenants, including Jack-in-the-Box, Church’s Chicken, Goodwill Industries, Dickey’s BBQ and others. Fuel brands are 76, Exxon and Shell.
Three of the stores are company-operated, and the others are dealer-operated. All stores are fee-owned.
“The seller is offering these attractive sites with long-term fuel supply,” said Evan Gladstone, executive managing director of NRC Realty & Capital Advisors LLC, which Houston-based Niazi Family Investments has retained to conduct the sale. “They plan on keeping the stores in their fuel network, although they will consider bids without supply.”
The properties will be sold using NRC’s “buy one, some or all” sealed-bid sale process, with a bid deadline of Sept. 18, 2019. NRC has a list of the properties on its website. Chicago-based NRC is conducting the sale with NRC Realty & Capital Advisors of Texas LLC, Denison, Texas.
To see a list of convenience stores and gas stations for sale, click here.