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Circle K to sell multiple properties at auction

LAVAL, Canada — The auctions will take place Aug. 10-12 and are open to the public.

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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.

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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.

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