SEATTLE — An independent regional convenience-store operator is selling seven high-volume locations in the Seattle area. The stores are being sold in two packages. One includes five Chevron ExtraMile units, and the other includes two Arco ampm units.
All stores will be sold under long-term leases with options.
The stores are in Auburn, Chehalis, Federal Way, Kent, Renton and Spanaway, Wash.
“These are very attractive deals,” said Evan Gladstone, executive managing director of NRC Realty & Capital Advisors LLC, which has been retained by the seller. “C-store dealers and companies can buy one or both packages in one of the hottest markets in the country.”
NRC did not name the seller. The stores are available for immediate sale. Information is available from NRC at nrc.com/2005.
ExtraMile, based in San Ramon, Calif., is a joint venture between Chevron USA Inc. and Jacksons Food Stores Inc. It is one of the largest operators of convenience stores in the western United States, with more than 900 stores. ExtraMile is No. 9 on the Top 40 update to CSP’s 2019 Top 202 ranking of U.S. c-store chains by number of retail outlets.
Marathon Petroleum Corp., Findlay, Ohio, owns the Arco brand.
Chicago-based NRC provides real estate and financial advisory services to the convenience-store and petroleum industries and specializes in the accelerated sale of commercial real estate.
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