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Article: Wooten Oil offers sale of 12 c-stores.(Brief article)
- Article from:
- National Petroleum News
- Article date:
- April 1, 2007
CopyrightCOPYRIGHT 2007 Adams Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Wooten Oil Company, a leading petroleum marketing, distribution and convenience store company headquartered in North Carolina, is offering to sell 12 company-operated c-stores through a structured sale process to be managed exclusively by Matrix Capital Markets Group, Inc.
Ten stores are owned fee simple by the company and are being sold with the property; one store is subject to sale and assignment as a long-term lease and the final store is being offered as a long-term sublease opportunity. Construction on two units was completed within the last two years and these units feature 3,000 square foot stores and 5-7 MPD's with card readers and cash ...
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