HOUSTON -- Ten convenience stores have been put on the market in southeastern Arkansas and northeastern Louisiana. Of the Arkansas sites, four are located in Crossett, three in Hamburg and one each in Monticello and Lake Village; the Louisiana site is in Mer Rouge.
The properties, all on corner lots, are fee simple sites. They are closed, unbranded stores ranging in sizes from 450 to 8,100 sq. ft., located on sites ranging from 11,000 to 60,000 sq. ft. Purchasers may enter into new fuel supply agreements.
These sites have amenities [image-nocss] including cobranding capabilities, full-service kitchens, storage space, freestanding warehouses and commercial lease spaces.
Real estate consulting firm Situs Inc. has been engaged by a national lending institution to sell the sites. It is actively marketing these sites to industry contacts, regional and national c-store operators and brokers active in the industry. The stores are for sale on a one, some, or all basis.
Houston-based Situs Capital Services has been heavily involved in the sale of retail petroleum assets for the last several years, having been engaged by numerous lenders to handle dozens of loan workouts, receiverships, note sales and the sale of hundreds of c-stores. Situs also provides disposition services for owner-operated stores, travel plazas and various other types of commercial real estate.