Plymouth Meeting, PA, October 25, 2018 – CJ Wallowitch of Equity CRE represented the seller in the sale of a net-leased Turkey Hill Minit Market located in Berks County, PA. The seller accepted a full price offer from an out of state buyer in California.
Turkey Hill Minit Markets is an American chain of convenience stores founded in Lancaster, Pennsylvania, in 1967. As of October 2017, Turkey Hill Minit Markets has over 260 locations across Ohio and Pennsylvania. In February of this year, the EG Group out of the United Kingdom acquired the Kroger Company’s convenience store portfolio in a $2.15-billion transaction. The acquisition of 762 c-stores in 18 states included the following banners – Turkey Hill, Loaf ‘N Jug, Kwik Shop, Tom Thumb, and Quik Stop. The EG Group plans to operate all stores under their existing banners and expand their portfolio; with a focus on creating safe retail environments featuring well-lit sites, ample parking, free Wi-Fi, inside seating areas, and clean bathrooms.
Equity CRE’ Investment Sales division has a national network of buyers and sellers for a variety of retail property types, from single tenant NNN properties to power centers. The Equity team currently has active Sheetz, Turkey Hill, Wawa, Royal Farms, and QuickChek properties available for sale. If you would like more information about this transaction or our investment sales services, please contact CJ Wallowitch, 484.482.2543, cjwallowitch@equitycre.com.