Buchanan Energy Selling 61 Stations

Locations for sale in Chicago and St. Louis markets.

Buchanan Energy LLC is selling 38 ExxonMobil-branded gas stations in the Greater Chicago area, as well as 23 BP-branded stations in the Greater St. Louis area.  All 61 stations are being sold with branded fuel supply with help from NRC Realty & Capital Advisors.

“These stores include a number of our prime retail locations and some high-volume stations,”said Buchanan Energy’s President Steve Buchanan. “We believe they will provide great opportunities for the right dealers or multi-site operators.” He added, “We will also give serious consideration to bidders who are able to provide additional fuel volume from other locations.”

The sale will be conducted using NRC’s well-known “buy one, some or all” sealed bid sale process. The bid deadline for the St. Louis-area stores is Feb. 16, 2012, while the bid deadline for the Chicago-area stores is March 8, 2012. A complete list of the properties and information regarding submitting offers is available online at www.nrc.com/1105.  Interested parties can register there for sale updates or by calling the NRC Customer Service Center at (800) 747-3342, extension 1105.  A sales brochure containing information for all of the sites in the sale will be available and a site specific Property Specific Package (PSP) will be available for each property by mid-December.

“The combination of a long-term fuel supply agreement with a leader in the industry and the opportunity for ownership of the real estate makes these very desirable locations for existing operators as well as for new entrants to the industry,” said Denny Ruben, managing director of NRC. “Anyone with an interest in either of these markets should take a serious look at the stores in this portfolio.”

Chicagoland stations are located in Arlington Heights, Aurora, Bartlett, Batavia, Bloomingdale, Bolingbrook, Buffalo Grove, Carol Stream, Deerfield, Des Plaines, Downers Grove, Elk Grove Village, Glendale Heights, Glenview, Highland Park, Highwood, Hoffman Estates, Itasca, Libertyville, Lombard, Naperville, Northbrook, Oswego, Palatine, Rolling Meadows, Roselle, Schaumburg, Streamwood, Warrenville and Woodridge.  St. Louis area stations are in the city itself as well as in Cool Valley, Ellisville, Webster Groves and Wildwood in Missouri, and in the Illinois towns of Belleville, Cahokia, Edwardsville, Fairview Heights, Pontoon Beach and Washington Park.

 

 

  • Mobil guest

    Mobil  has very limited brand value in the Chicago Area (Would anybody miss their stations if it goes away?)

    – Mobil  has weak market share in Chicago to make a dent in the dominant players such as Shell, BP.
    – Mobil brand has the least loyalty* among major brands  10-14% vs
    20-25% for Shell
    – Mobil has poor visibility among major players and the least maintanined stations compared to majors Shell, BP
    – Mobil  has a weak foot print to compete effectively as a Branded gas in Chicago Area.

    Mobil  must consider folding up their brand and sell their gas in the secondery markets to other players such as 7-11, Thorntons, Gas City, Gas Depot etc..

  • bloomlakeoil service

    Mobil brand is too weak to compete in highly competitive Chicago Markets, with small mini marts 950 sq feet compared to BP AMPM with 4200 sq feet (4-5 times larger) in size and volume.
    Mobil stations are a  sure way to loose money for the banks

  • bloomlakeoil service

    Exxon has better brand image when compared to Mobil.

css.php