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ALBUQUERQUE, N.M. -- Conway Oil Co. is selling three convenience store/gas stations in Colorado. The sites -- two of which are currently branded Texaco and one of which is branded Shell -- are located in Aurora, Colorado Springs and Fort Collins, Colo.
They range in size from 2,500 to 3,200 square feet and are located on tracts spanning 1.5 to 2.25 acres. All are situated off major highways and jointly operated with McDonald’s restaurants.
"These are exceptional stations that are located in high traffic areas," said Hope Mineo, managing director of Chicago-based NRC Realty Advisors LLC (NRC), which is coordinating the sale. "Each store is performing high volumes of gas and merchandise sales."
The businesses will be sold with the existing ground leases and operating agreements. Remaining lease terms are in excess of 14 years with renewal options. Purchasers will have the option of retaining the existing fuel supply branding or sourcing their own.
The locations will be sold through a sealed bid sale in a "buy one, some or all" format with bids due Sept. 27. A complete site list is available at www.nrc.com/517.