Colliers Canada engaged to support the sale of Parkland's 157 convenience store and fuel station assets
TORONTO, March 26, 2024 /CNW/ - Colliers Canada is pleased to announce it has been engaged to support Parkland 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, and buyers in certain scenarios have the opportunity to operate under the popular c-store banner, On the Run.
Experience the full interactive Multichannel News Release here.
The bulk of stations are located in Quebec and Ontario across major metropolitan areas and smaller cities and towns, with the balance of stores in Alberta, British Columbia, Manitoba and Saskatchewan. The retail and fuel locations will be packaged with long-term Parkland fuel supply agreements. These opportunities give new and seasoned entrepreneurs the chance to operate critical community businesses with established and respected brands.
"The decision to divest these locations is part of our ongoing network planning and optimization process. 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," said Francis Lapointe, Vice President of Canadian Retail Operations. "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 in order to view a list of properties, sale FAQs, and review terms and conditions of sale by visiting the sale website at www.cstorebids.ca, or by calling 1-855-558-1601. Interested parties are required to sign a confidentiality agreement prior to accessing the sale information.
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About Colliers
Colliers is a leading diversified professional services and investment management company. With operations in 66 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 29 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.3 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.
SOURCE Colliers Macaulay Nicolls Inc., Brokerage
Pamela Smith, Senior Director, Communications | Canada, Colliers, [email protected], +1 604 692 1461
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