New Jersey Has 3,229 Convenience Stores, and More Are on the Way
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Fuel Forecourt Retail Market
Fuel Forecourt Retail Market Grow non-fuel Are you set to be the mobility offerings — both products and Capitalise on the value-added mobility mega services trends (EVs, AVs and MaaS)1 retailer of tomorrow? Continue to focus on fossil Innovative Our report on Fuel Forecourt Retail Market focusses In light of this, w e have imagined how forecourts w ill fuel in short run, concepts and on the future of forecourt retailing. In the follow ing look like in the future. We believe that the in-city but start to pivot strategic Continuously pages w e delve into how the trends today are petrol stations w hich have a location advantage, w ill tow ards partnerships contemporary evolve shaping forecourt retailing now and tomorrow . We become suited for convenience retailing; urban fuel business start by looking at the current state of the Global forecourts w ould become prominent transport Relentless focus on models Forecourt Retail Market, both in terms of geographic exchanges; and highw ay sites w ill cater to long customer size and the top players dominating this space. distance travellers. How ever the level and speed of Explore Enhance experience Innovation new such transformation w ill vary by economy, as operational Next, w e explore the trends that are re-shaping the for income evolutionary trends in fuel retailing observed in industry; these are centred around the increase in efficiency tomorrow streams developed markets are yet to fully shape-up in importance of the Retail proposition, Adjacent developing ones. Services and Mobility. As you go along, you w ill find examples of how leading organisations are investing Further, as the pace of disruption accelerates, fuel their time and resources, in technology and and forecourt retailers need to reimagine innovative concepts to become more future-ready. -
2 S Whitehorse Pike Berlin, NJ 08009
2 S Whitehorse Pike Berlin, NJ 08009 EXCLUSIVE OFFERING www.DoughertyTeam.com ROYAL FARMS | BERLIN, NEW JERSEY TABLE OF CONTENTS Lead Investment Advisors Investment Analysis............04 Derrick Dougherty Tenant Overview.................09 First Vice President Investments Lic: PA RS305854 (215) 531-7026 Location Overview..............12 Scott Woodard Senior Associate Lic: PA RS329242 (215) 531-7058 Mark Krantz Senior Associate Lic: NJ 1863254 | PA RS336064 (215) 531-7056 Steve Garthwaite Senior Associate License: PA RS332182 (215) 531-7025 Pavan Koneru Associate Lic: PA RS350910 (215) 531-7068 Nick Geaneotes Associate Lic: PA RS350646 (215) 531-7071 Colin Reder Associate (215) 531-7057 Broker of Record: Brian Hosey License: NJ 1434917 2 ROYAL FARMS | BERLIN, NEW JERSEY DOUGHERTYTEAM.COM Berlin Circle Plaza Diggerland USA ROYAL FARMS | BERLIN, NEW JERSEY Hwy 73 (34,332 VPD) S. Whitehorse Pike (26,310 VPD) Berlin Farmers Market 2 S. White Horse Pike Berlin, NJ Berlin Cross-Keys Rd (17,414 VPD) 3 ROYAL FARMS | BERLIN, NEW JERSEY DOUGHERTYTEAM.COM ROYAL FARMS | BERLIN, NEW JERSEY 01 INVESTMENT ANALYSIS 4 ROYAL FARMS | BERLIN, NEW JERSEY DOUGHERTYTEAM.COM INVESTMENT OVERVIEW ROYAL FARMS | BERLIN, NEW JERSEY $6,190,000 5.25% $325,000 PRICE CAP RENT LEASE SUMMARY ANNUALIZED OPERATING DATA Tenant Royal Farms Term Dates Base Rent PSF Increase Guarantor Corporate Years 1-10 (Current) 12/5/2019 - 12/31/2029 $325,000 $60.51 - Lease Type NNN Ground Lease Years 11-20 1/1/2030 - 12/31/2039 $357,500 $66.56 10% Gross Leasable Area 5,371 SF Option Terms -
For the Fuel & Convenience Store Industry
FOOT TRAFFIC REPORT FOR THE FUEL & CONVENIENCE STORE INDUSTRY Q1 2017 A NEW ERA FOR THE CONVENIENCE STORE As the convenience store industry adapts to meet customer needs and grow market share, location intelligence is becoming increasingly critical to understanding consumer habits and behaviors. GasBuddy and Cuebiq teamed up in the first quarter of 2017 to issue the first foot traffic report for the fuel and convenience store industry. Highlights: GasBuddy and Cuebiq examined 23.5 million consumer trips to the pumps and convenience stores between January 1 and March 31. In Q1, more than half of GasBuddies visited locations within six miles of their homes or places of employment, giving retailers the opportunity to leverage their greatest resource—knowing their customer base—to localize and personalize their product selection. Weekdays between 11:00 a.m. and 1:00 p.m. were highly-trafficked hours in Q1. Convenience stores are poised to lure business away from QSRs and grocery stores now that customers can eat quality meals at the same place and time they choose to fill up their tanks. With filling a gas tank clocking in at an efficient 2-3 minutes, the 73% of GasBuddies who spent more than five minutes at locations in Q1 demonstrated that consumers are likely willing to spend some time in store before or after visiting the pumps. QUARTERLY FOOT TRAFFIC REPORT 1 GasBuddy examined nearly 23.5 million consumer trips to gas Indiana-based gas station and stations and c-stores in Q1 2017 convenience store chain Ricker’s enjoys a loyal GasBuddy customer Which fuel brands captured the base—the nearly 50-station brand highest ratio of footfall per station? captured more than 4x the industry average footfall per location in Q1. -
Food Facility Inspection Report
Anne Arundel County Department of Health Food Facility Inspections October 1, 2013 - October 31, 2013 Food Facility Inspections: of the 447 facilities inspected, 41 had critical food safety item violations that were corrected. Food Facility Closings: Oct. 9: Baja Fresh Mexican Grill #145, 2478 A Solomons Island Road, Annapolis, MD 21401 was closed due to the facility operating without hot water available. It was reopened on October 9, 2013. Re-inspection Date Restaurant Name Address City Type Critical Items Needed 10/15/2013 la Madeleine 1861 Annapolis Mall - Store 1464 Annapolis R1 6a Y 10/29/2013 A A Co Detention Center 131 Jennifer Road Annapolis ICI N 10/4/2013 A Caring Hand Adult Day Care 606 Hammonds Lane Upper Level Suites 1-6 Baltimore ICI N 10/29/2013 A Cook's Cafe, LLC 911 Commerce Road Annapolis ICI N 10/24/2013 Adam's Ribs 169 Mayo Road Edgewater IM1 N 10/8/2013 Aloft Hotel BWI 1741 W Nursery Road Linthicum ICI N 10/25/2013 American Legion #226 830 Mayo Road Edgewater ICI N 10/18/2013 American Legion #40 500 5th Avenue Glen Burnie ICI N 10/25/2013 American Legion Post #141 1707 Forest Drive Annapolis IM1 N 10/17/2013 American Legion, Inc. #276 8068 Quarterfield Road Severn IM1 6a N 10/1/2013 Annapolis Area Christian School 109 Burns Crossing Road Severn IM1 N 10/25/2013 Annapolis Organic Market, LLC 25 Market Street Annapolis ICI Y 10/30/2013 Annapolis Organic Market, LLC 25 Market Street Annapolis R Y 10/1/2013 Annapolis Saladworks 1901 Towne Centre Blvd., #130 Annapolis IM2 N 10/16/2013 Annapolis Waterfront Hotel 80 Compromise Street Annapolis IM1 6a Y 10/22/2013 Annapolis Waterfront Hotel 80 Compromise Street Annapolis IM2 6a Y 10/28/2013 Annapolis Waterfront Hotel 80 Compromise Street Annapolis R2 N 10/10/2013 Annapolitan Club, The 81 Franklin Street Annapolis IM1 N 10/8/2013 Annette's Cakery 562 B & A Blvd Severna Park ICI N 10/17/2013 Applebee's Restaurant 2408 Brandermill Blvd Gambrills IM1 N 10/2/2013 Arby's #8009 8103 Ritchie Hwy. -
SHEETZ (Ground Lease) 1001 N Spence Avenue Goldsboro, North Carolina TABLE of CONTENTS
NET LEASE INVESTMENT OFFERING SHEETZ (Ground Lease) 1001 N Spence Avenue Goldsboro, North Carolina TABLE OF CONTENTS TABLE OF CONTENTS I. Executive Profile II. Location Overview III. Market & Tenant Overview Executive Summary Photographs Demographic Report Investment Highlights Aerial Market Overview Property Overview Site Plan Tenant Overview Map NET LEASE INVESTMENT OFFERING DISCLAIMER STATEMENT DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confidential. STATEMENT: It is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. NET LEASE INVESTMENT OFFERING EXECUTIVE SUMMARY EXECUTIVE The Boulder Group is pleased to exclusively market for sale a single tenant Sheetz ground lease located in Goldsboro, SUMMARY: North Carolina. -
Challenges Takeaways
Strategic White Paper CHALLENGES The Fuel Price Optimization Solution that is Winning the Battle for Profit and Brand Growth Losing the fuel price/profit margin battle against competitors Losing market share Contents Introduction 2 Growing Industry Leaders Use PriceAdvantage 2 TAKEAWAYS A Closer Look: CEFCO 4 A Closer Look: Royal Farms 4 Integrating automated fuel price optimization and price A Closer Look: Spinx 4 updates to all locations A Closer Look: Valero 4 maximizes profit, positions Optimize or Be Acquired? 5 c-store brands for growth About PriceAdvantage 5 v Introduction In the competitive retail fuel and convenience store markets, the fastest-growing chains are leveraging tools that give them real-time data for setting the “sweet spot” price that brings the customer off the street and to the pump and into the store. They’re also closing the loop with systems that centralize and automate price updates—meaning the optimized price is instantly on display on every sign and pump at every store, with simultaneous updates sent to POS systems and web, smart devices, and social networks. Bundling these price updates means that retail fuel price managers can be confident that the optimal price is in effect without the need for communication to or intervention by dozens, or even hundreds, of store managers. We saved half a penny per gallon driving record fuel sales and profitability in the first year. This was largely due to automation with PriceAdvantage software and Skyline's electronic price signs. — Rob Rinehart, Director of Retail Petroleum, Royal Farms By automating the three major components of the pricing process—collection of key data presented for meaningful analysis, automation of fuel price determination and the integration of technologies to get that optimized price to store and ultimately your customers—fuel retailers and c-stores are literally turning pennies into millions and winning the battle for profit and brand growth. -
Redefining Convenience
WAWA REDEFINING CONVENIENCE QUICK FACTS Key Challenges Why SAP Was Selected Industry Retail • Support growth with integrated processes • Breadth and fit of software offering matched across 3 distinct businesses Wawa’s needs Revenue • Improve cost management and business • Superior integration across SAP® modules US$6.0 billion analysis with 1 version of the truth (enterprise resource planning, supply chain • Maximize square foot profitability through management, and retail) Employees assortments and clustering • SAP’s commitment to the retail industry 17,000 • Enable customer focus by store • Cost-effective upgrade strategy Headquarters associates • Extensive SAP ecosystem and partners Wawa, Pennsylvania • Empower store managers to drive • Strong customer references efficiency Web Site • Replace complex, disparate legacy www.wawa.com systems SAP® Solutions and Services SAP® ERP application, SAP for Retail solu- Implementation Best Practices Low Total Cost of Ownership tion portfolio, SAP NetWeaver® technology • Focused on active executive engagement • Replaced multiple legacy systems platform, SAP NetWeaver Business Ware- • Established a program management office • Simplified IT infrastructure house component, SAP NetWeaver Busi- • Defined project deliverables clearly • Reduced the cost of information manage- ness Warehouse Accelerator software, • Partnered closely with SAP to leverage ment, adding $250,000 annually to net treasury applications from SAP, SAP Collab- technology and implementation expertise income orative Project Management -
Fouad El-Nemr Has Been
Volume 28Volume • Number 1919 •• NumberNumber12 • DECEMBER 66 •• JUNEJUNE 201720082008 BusinessBusiness SolutionsSolutions forfor RetailRetail DecisionDecision MakersMakers ®® A HARBOR COMMUNICATIONS PUBLICATION A HARBOR COMMUNICATIONS PUBLICATION ® Recognizing this Year’s Industry Frontrunners Figuring Out the Future of Tobacco .....45 Dazzling Customers Across Dayparts ....48 C-Stores Power Through Storms ........52 Faces WS.indd 2 11/20/17 10:59 AM COVER STORY EGULARLY WHEN PUNDITS EVALU- every day for a cup of joe or a break- ATE athletes they often compile fast sandwich or to fill up their gas 2017 Rcareer statistics, crunching the tanks. And because many on this numbers to determine the best quar- year’s list belong to family-owned terback, most talented goalie, elite companies, these young professionals point guard or top outfielder. are that much more in tune to ensuring Numbers come into play in every- their customers are receiving the high- day business as well when evaluating est quality service, each and every day. staff. Often the best employees, man- Those who work in this business are agers, directors or executives who members of an evolving and diverse demonstrate intangibles such as cre- industry, which is not surprising given ativity, leadership, originality and the diversity of U.S. consumers who loyalty are harder to quantify. frequent today's c-stores. As the face of The individuals in the following the channel’s customer base becomes pages represent big corporations and even more diverse, companies willing small retail chains—but all demonstrate to embrace social media, technology the type of qualities that most employ- and even meal kits are becoming more ers seek. -
Newsletterwinter2014
NEWSLETTERWINTER2014 WELCOME NRC Realty & Capital Advisors, LLC is pleased to provide you with its first quarterly newsletter dealing with topics of interest to owners and operators in the convenience store and gasoline station industry. Given our industry experience and expertise, particularly as it relates to real estate and financial services, we believe that we are able to provide a wide array of information that should be of benefit to you and your business. In this inaugural issue, we begin a four-part series on Finally, we have enclosed an article entitled “NRC Achieves “Understanding the Value of Your Business.” The first article Banner Year in 2013” which highlights the notable in the series is “Why Should I Have My Company Valued?” transactions that NRC was involved in last year. Again, and is written by Evan Gladstone, Executive Managing looking at recent transactions and trends will provide a good Director and Ian Walker, Senior Vice President. “barometer” of things to look for in the future. This issue also contains a reprint of the “2013 C-Store We at NRC are excited about our quarterly newsletter and Industry Year in Review: An M&A and Capital Markets hope that you will find it of value. Should you have any Perspective” written by Dennis Ruben, Executive Managing questions about anything contained in this newsletter or any Director, which first appeared online on CSP Daily News other matter, please feel free to contact Evan Gladstone on January 8th through 10th as a three-part series. A at (312) 278-6801 or [email protected], Dennis review of that article should prove to be particularly useful Ruben at (480) 374-1421 or [email protected], or in understanding where the industry has been recently and Ian Walker at (312) 278-6830 or [email protected]. -
SHEETZ Raleigh, NC
Petroleum SHEETZ Raleigh, NC Corporate-wide, Sheetz is transitioning to LEDs for both its interior and exterior lighting and is turning to Cree Lighting as a partner in this initiative. At its Raleigh, NC, location, Sheetz has installed Cree Lighting fixtures featuring Cree TrueWhite® Technology inside its stores and BetaLED® Technology in the canopy outside. Sheetz / Petroleum SHEETZ SHINES BRIGHT UNDER CREE LIGHTING FIXTURES Opportunity The bottom-line objectives were to provide premium lighting, conserve energy and avoid maintenance that necessitates Sheetz® is much more than a convenience store – it’s a “mecca for shutting down pumps, thus causing inconvenience and, people on the go,” serving soccer moms and road warriors alike potentially, lost revenue. with a made-to-order café inside and quality gasoline outside. Whether you need to refuel your car or refresh your body, Sheetz has what you need to keep you moving on to whatever comes next. Solution Sheetz has been rolling out Cree Lighting interior and exterior Providing this kicked-up convenience 24/7/365 requires a solid fixtures at a number of its stores across the country. At its infrastructure, and a key component of that is an interior and newest Raleigh, NC, location, the switch was made to Cree outdoor lighting system that lends a sense of warmth and security Lighting fixtures featuring Cree TrueWhite® Technology inside while operating cost-effectively and near maintenance-free. the store and BetaLED® Technology in the canopy outside. Sheetz has a commitment to using quality equipment and building On the interior, this solution included the Cree Lighting LR6™ materials when constructing its stores. -
Sheetz and Wawa Join Forces to Provide Emergency Food Bank Relief Donations Made to Feed More in Richmond
PRESS RELEASE Sheetz and Wawa Join Forces to Provide Emergency Food Bank Relief Donations Made to Feed More in Richmond Altoona, PA (May 15, 2020) - Today Sheetz and Wawa, major convenience chains born in Pennsylvania, announced they have teamed up to provide emergency food bank relief amid the COVID-19 health crisis. Committed to the communities the convenience chains both serve, Sheetz and Wawa donated a combined 600 lunches as well as a combined $4,000 to Feed More in Richmond, Virginia. Lunches included a turkey sandwich, cookie, fruit cup, string cheese and a bottle of water. “During the last two months, we have been inspired and humbled, by those who have stepped up to help our neighbors in their times of need,” said Doug Pick, President and Chief Executive Officer at Feed More. “This unique partnership between Wawa and Sheetz, who are joining forces to fight hunger and help our neighbors in need, is a great example of community in action! We’re very grateful for their continued support and dedication to the neighbors we serve.” “In times like these, it is essential that we come together to help those who are struggling in the communities we serve,” said Joe Sheetz, CEO of Sheetz. “That is why we are partnering with Wawa to make these donations to Feed More. Through this partnership, our hope is to support and help an even greater amount of people impacted by this pandemic and ensure that food is not included on their list of worries during this very challenging time.” “Both of our company’s missions are to feed the communities we serve and now, more than ever, it was important that we join together to help our neighbors who continue to struggle amid this pandemic,” said Chris Gheysens, President and CEO of Wawa. -
Kantar Report for CMA Store Exit Survey FINAL for PUBLICATION
Consumer research to inform the Sainsbury’s/Asda merger inquiry Findings from the store exit survey February 2019 © Kantar Public 2018 Contents 1. Introduction and methods 3 2. Summary of key findings 12 3. Overview of customers 14 4. Choice attributes 24 5. Results from diversion questions 30 6. Diversion ratios to the Merger Party 46 7. London and Northern Ireland stores 53 8. Case studies 58 Appendix A – Survey Questionnaire 65 Appendix B – Store Level Diversion Ratios to the Merger Party 78 © Kantar Public 2018 1. Introduction and methods This report includes findings from an exit survey conducted as part of the Competition and Markets Authority (CMA)’s inquiry into the anticipated merger between Sainsbury’s and Asda. The survey was conducted in September and October 2018. In this introductory chapter, we set out the research objectives and provide background information on the sample and the methodology used to obtain the results. © Kantar Public 2017 3 Background and sample design This study forms part of the consumer survey research commissioned to provide evidence for the CMA’s inquiry into the anticipated merger between Sainsbury’s and Asda (the Merger Parties or Parties). The research involved short exit interviews conducted at a sample of the physical stores belonging to the Parties. The target population was customers who had just paid for grocery goods at the main supermarket checkouts (including self-checkouts). The high-level research objectives included examining: • Choice attributes • Geographical considerations • Closeness of competition, including diversion between the Merger Parties • Competitive constraints from other retailers, out of market constraints and cross-channel substitution.