Road Asset Management

For owners & operators

Unlock the value in your real estate. Keep running your business.

We buy gas stations, truck stops and car washes from the operators who run them, from large multi-site groups and from owners of existing net-leased sites, through outright purchases and sale-leasebacks, so you can release capital, simplify ownership or plan succession on your terms. We have operated these businesses ourselves, so we understand yours.

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Why owners work with us

Capital from people who have stood behind the counter.

Quick, certain capital

Decisions come from a small team that knows the asset, backed by partner capital raised deal by deal. Clear terms early, focused diligence and a straightforward path to closing.

Flexible structures

Sell outright, sell the real estate and lease it back, or sell part of a portfolio. Lease terms, rent and timing are built around how your business actually runs.

Reinvestment options

Put released capital to work in remodels, new sites, debt reduction or the next stage of growth, while you keep operating the business you built. We can discuss structures that fit your tax planning with your advisors.

Operator to operator

Our team has operated 100+ roadside, convenience and restaurant units. We understand fuel supply and brand agreements, staffing, store economics and environmental matters, and we speak your language.

How a sale-leaseback works

Same sites, same team, more capital.

  1. 01

    We buy the real estate

    We acquire the land and buildings at an agreed value, as a single site or a portfolio.

  2. 02

    You keep operating

    You sign a long-term lease and continue running the business, the brand and your team.

  3. 03

    You put the capital to work

    The proceeds are yours to reinvest, grow, de-lever or diversify, on your own timetable.

What we look for

Gas stations and convenience stores, truck stops and travel centers, and car washes, from single sites to multi-site portfolios: operator-owned sites for sale-leaseback, portfolios from large groups, and existing NNN-leased sites from their current owners.

What to expect

A confidential first conversation, a clear indication of terms once we have reviewed the basics, and direct access to the people making the decision throughout.

Selling the operating business?

Our affiliate Cozy Energy buys gas station businesses.

If you want to sell the business itself, our affiliated operating company, Cozy Energy, is building a portfolio of gas stations and acquires them individually and as portfolios. Or we buy the real estate and lease it back so you keep running the business. Either way, you deal with one team that knows how these sites run.

Thinking about your next step?

Every conversation is confidential, and there is no obligation.

Talk to us