Tuesday, March 5, 2024
Parkland Selling 157 Convenience Stores Across Canada
Source: Connect Canada CRE
By Monte Stewart, Content DirectorParkland Corporation has begun to market 157 convenience stores and fuel-station assets for sale across Canada.
Parkland has engaged Toronto-headquartered Colliers and Chicago-based convenience-store brokerage specialist NRC Realty & Capital Partners to market the assets.
Most of the stores and stations are located in major markets in Quebec and Ontario smaller cities and towns in the two province, while the others are situated in B.C., Alberta, Saskatchewan and Manitoba, trade publication Convenience Store Decisions reported.
The sites include traditional oil-based fuel stations bearing such brands as Chevron, Ultramar, Pioneer, and FasGas, along with electric-vehicle charging infrastructure. Calgary-based Parkland is a leading fuel distributor and retailer operating in 25 countries.
Buyers may operate the convenience stores under the On the Run banner, according to the Convenience Store Decisions report.
The properties are being sold on a portfolio or individual basis through a sealed-bid process. Long-term Parkland fuel-supply deals will be packaged with the property-sale transactions.
Prospective buyers may register online via www.cstorebids.ca.
The bidding deadline is May 28.