NORTHBROOK, Ill., June 30, 2015 (GLOBE NEWSWIRE) -- Hilco Real Estate LLC announces August 6, 2015 as the Call for Offers deadline for five well-located restaurant sites located in Fargo, North Dakota, Rochester and Syracuse, New York & Sioux Falls and Rapid City, South Dakota. Formerly Quaker Steak & Lube restaurants, each dark site features recent improvements totaling 7,700 SF, most complete with a full host of FF &E. Each property sits on approximately two acres, offering abundant parking ideal for outdoor events and gatherings. Properties can be purchased individually or as a portfolio.
Joel Schneider, Senior Vice President of Hilco Real Estate stated, "This sale is an exceptional opportunity for restaurant owners/operators/franchisees to name their price on a portfolio of turnkey sites that offer immediate proximity to all of the major traffic generators in each given area. These sites also offer excellent characteristics for potential retail reuse by an opportunistic investor. Combine that with the fact that each of these sites is only a few years old and you have an investment with great upside potential."
Site visits for interested buyers will be conducted by appointment only. The deadline for submitting offers to Hilco is August 6, by 5:00 pm Central Time. Offers will be delivered to the offices of Hilco Real Estate, Attention: Steve Madura, 5 Revere Drive, Suite 320, Northbrook, IL 60062 or via email to firstname.lastname@example.org. Offers must be accompanied by a certified check or wire transfer for five (5%) percent of the purchase price.
Detailed property information is available via Hilco's website (www.hilcorealestate.com), and includes property specific information, an explanation of the sale process and the Terms of Sale. To obtain access to the due diligence information, visit www.hilcorealestate.com and click on the Properties for Sale tab on the upper toolbar. Once on the main search page, use the Projects pull down menu to search for Quaker Steak & Lube Locations. To view due diligence information, you will need to register for an account on the website if you have not done so previously.
For more information about the Quaker Steak and Lube locations or other properties available for sale, please visit www.HilcoRealEstate.com.
About Hilco Real Estate
Hilco Real Estate ("HRE"), a Hilco Global company (www.hilcoglobal.com), is headquartered in Northbrook, Illinois (USA). HRE is a national provider of strategic real estate disposition services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets. By leveraging multi-faceted sales strategies & techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex transactions.
CONTACT: Gary Epstein Hilco Trading Office: 847-418-2712 Mobile: 847-323-4943 Email: email@example.com
Source: Hilco Global