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Pantry, Inc. will sell three Siler City convenience store locations

Posted Friday, June 17, 2011

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Siler City, NC - The Pantry, Inc. will sell 114 convenience store locations in nine Southeast states. They will sell 41 stores in North Carolina, including three in Siler City, NC.

The Cary, NC-based store chain will also sell 12 locations in South Carolina, 11 in Virginia, and multiple sites in Georgia (7) Mississippi (5), Tennessee (4), Alabama (3) and Kentucky (3), according to NRC Realty & Capital Advisors, LLC, the NAI Global affiliate that is helping market the properties.

The properties are a combination of owned and leased locations. All are operating convenience stores with gas, except for one stand-alone convenience store, ranging in size from a few kiosk-only units up to 4,800-square-foot stores.

"These are sites that don't fit our current strategy, but they can be excellent locations for the right buyers," said Jim Bosworth, vice president, real estate, for The Pantry, Inc.

Dennis L. Ruben, managing director of NRC, said the sale is one of the largest handled by the firm in recent years, adding that some of the sites "should also be of interest to buyers outside the retail petroleum and c-store sectors."

Although 22 sites will be offered in packages ranging from two to eight stores each in five markets -- including five in Naples, FL, two in Ocala, FL, eight in Rocky Mount, NC; three in Siler City, NC, and four in Charlottesville, NC, most of the stores will be sold using a "buy one, some or all" sealed bid sale process.

Interested parties may register online for sale updates at nrc.com/1112. A complete list of properties is available at that web address.Property Information

Site # 3839
1513 E 11th Street, Siler City, NC
Type - Lease
County - Chatham
Cross Streets - 11th / US-64 East of 3rd
Zip Code - 27344
Lot Size - 1.65 ac
2010 Property Taxes - $6,273
Building Size - 3,278 sf
Year Built - 1998
Fuel Brand - BP
Fuel Supply Term - Same as lease

Site # 267
1516 E 11th Street, Siler City, NC
Type - Lease
County - Chatham
Cross Streets - 11th / US-64 East of 3rd
Zip Code - 27344
Lot Size - 33,106 sf
2010 Property Taxes - $3,980
Building Size - 2,360 sf
Year Built - 1979
Fuel Brand - Kangaroo
Fuel Supply Term - Same as lease

Site # 3297
201 E 11th Street, Siler City, NC
Type - Lease
County - Chatham
Cross Streets - 11th / US-64 & Greensboro
Zip Code - 27344
Lot Size - 1.70 ac
2010 Property Taxes - $3,402
Building Size - 2,400 sf
Year Built - 1983
Fuel Brand - BP
Fuel Supply Term - Same as lease

The Pantry, Inc. is an independently operated convenience store chain. As of May 9, 2011, the Company operated 1,659 stores in thirteen states under select banners, including Kangaroo Express®, its primary operating banner.

 
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