LAVAL, Canada — Circle K is selling 26 former Circle K gas stations and convenience stores at auction in an effort to “dispose of surplus properties and tighten up its network,” according to CSPnet.com.
The sites up for auction are located in Missouri, Kentucky, Indiana and Illinois, stated the article.
The list of properties includes nonoperating and razed sites and operating c-stores and gas stations, reported the release, and other retail space, office space and cleared lots are also included in the portfolio of sites.
Real estate auction firm Williams & Williams will conduct the auction, which will be live and online, for Circle K, the article continued.
“[The portfolio consists of] excess inventory, surplus properties,” said Fontana Fitzwilson, executive vice president of Williams & Williams, in the article. “Circle K is still in acquisition mode; there are always properties, that for whatever reason, they’ve obtained mainly through acquisitions from other companies, which they don’t have a use for, so they’re passing those along to a new owner.”
Fitzwilson added in the article, “This is a rare opportunity to purchase one great store location or even create or expand a portfolio.”
The auctions will take place Aug. 10-12, stated the article, and are open to the public.
Auction participants can bid on-site at a former store location or online during the live auction at auctionnetwork.com, the article noted.
You can find the article here.