Colliers Canada reports that it has been engaged to support Parkland Corp in selling 157 convenience store and fuel station assets located in six provinces across Canada. The available sites consist of fuel brands such as Chevron, Ultramar, Pioneer and FasGas. Buyers in certain scenarios have the opportunity to operate under the On the Run c-store banner. The bulk of stations are located in Quebec and Ontario across major metropolitan areas and smaller cities and towns, with the balance in Alberta, British Columbia, Manitoba and Saskatchewan. The retail and fuel locations will be packaged with long-term Parkland fuel supply agreements. “The decision to divest these locations is part of our ongoing network planning and optimization process,” said Francis Lapointe, Vice President of Canadian Retail Operations. “As we continue to grow, we have identified sites that no longer fit our long-term strategic objectives in their current format. These sales will provide us with new opportunities to bolster core areas of our business. In the end, these sites will still be part of our network and will represent our strong brands within our communities. We’re excited to bring in experienced, entrepreneurial operators who are eager to partner with brands and programs that customers trust. Convenience store operators, small business owners and entrepreneurs may bid on single or multiple sites through a sealed bid sale process. Parkland has partnered with NRC Realty & Capital Advisors, LLC, a company specializing in the marketing of convenience store properties and Colliers Canada to facilitate the transactions. The sale is being coordinated by Colliers and its marketing partner, NRC Realty & Capital Advisors, LLC. Interested parties must register for the sale to view a list of properties and details. (855/558-1601 www.cstorebids.ca)
Colliers Canada, 181 Bay St., Suite 1400, Toronto, Ontario M5J 2V1 (www.collierscanada.com)
NRC Realty & Capital Advisors, 400 Skokie Blvd., Suite 590, Northbrook Illinois 60062 (800/747-3342 www.nrc.com )
Parkland Corp., #1800, 240-4th Ave SW, Calgary, Alberta T2P 4A4 (403/567-2500 www.parkland.ca)