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Fancy Owning a Gas Station? This Norwalk One's for Sale

The site of the former Getty gas station at 479 Main Ave., Norwalk is up for sale through a sealed bidding process. (Photo: NRC Realty & Capital Advisors website)
The site of the former Getty gas station at 479 Main Ave., Norwalk is up for sale through a sealed bidding process. (Photo: NRC Realty & Capital Advisors website)
If you're looking to buy property with a gas station on it, the one at 479 Main Ave. is available to purchase by bid this May.

The gas station is located on old Route 7 just south of the state Department of Motor Vehicles office and on the other side of the street.

The property is one of 16 gas stations and 29 commercial and retail properties around the country being sold through a bidding process by NRC Realty & Capital Advisoers and Getty Realty Corp.

"Many of the sites are currently being operated by licensees under month-to-month license agreements," NRC says in an announcement issued Wednesday. "The properties are being sold without gas brand or fuel supply."

According to the news release, the sales will take place through a bidding process that NRC uses:

"The properties will be sold using NRC’s well-known 'buy one, some or all' sealed bid sale process. Property Specific Packages (due diligence packages) are expected to be available in May, with a bid deadline of May 13, 2014.

"Interested parties may view a complete site list and register online for sale updates at www.NRC.com/1401, or by calling the NRC Customer Service Center at 800-747-3342, extension 1401."

Act nice, and you can pop in to see the property yourself, NRC says, or wait for a viewing if the property isn't in use:

"NRC will be coordinating property viewings on sites without tenants on scheduled viewing dates. Dates and times will be listed on the NRC website.

"Sites with licensees are open during normal business hours, and prospective bidders may view these sites as long as they do not disturb management or employees.  Broker cooperation is encouraged, and a 3% broker co-op commission is being offered."

Here's how the news release describes Getty Realty and NRC:

"Getty Realty Corp. is the largest publicly-traded real estate investment trust in the United States specializing in ownership, leasing and financing of convenience store/gas station properties and petroleum distribution terminals. Getty Realty Corp. owns and leases approximately 1,050 properties nationwide.

"NRC Realty & Capital Advisors, LLC provides a full array of real estate and financial advisory services to the convenience store and petroleum industries, and specializes in the accelerated sale of commercial and residential real estate."


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