NRC represents the unnamed secured creditor and is charged with finding qualified bidders in advance of the foreclosure auctions.
The properties consist of real property improved with convenience stores with gasoline. [image-nocss] Of the nine properties, three have currently operating businesses in that location, while the remaining sites are closed.
Bids will be accepted through NRC's sealed-bid process. The bid deadline has been set for September 30, 2010.
To view property specific information and to receive sale updates, register online at www.nrc.com/1007. Sales brochures are available by calling (800) 747-3342, ext. 1007.
Chicago-based NRC provides a full array of real-estate and financial advisory services to the convenience store and petroleum industries, and it specializes in the accelerated sale of commercial and residential real estate. NRC's breadth of experience in the convenience store arena includes portfolio evaluation and analysis; refinancing, recapitalization and sale-leaseback financing options; and merger and acquisition advisory services.
Since its inception in 1989, NRC has sold more than 10,000 properties. Clients include companies in a variety of industries, including petroleum (BP, Shell and Sunoco), convenience stores (Circle K), financial institutions (GE Capital and Fifth Third) and retail (Kmart).
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