More than 150 gas station and convenience store sites are on sale in Canada

  • 📰 blogTO
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

An Alberta-based company has started the process of selling 157 convenience store and gas station assets across Canada. According to Parkland Corp....

, it retained a pair of real estate firms to begin the marketing process to sell the sites, which include brands like Chevron, Ultramar, Pioneer and FasGas across six provinces. In some scenarios, Parkland said that buyers could have the opportunity to operate under the popular convenience store banner, On the Run.

Parkland said a bulk of the stations are in Quebec and Ontario. There are also stores for sale in Alberta, B.C., Manitoba and Saskatchewan. "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," Parkland said.

"While high quality, these locations would be better suited under someone else's ownership, however, we will include long-term fuel supply agreements with each of them along with the opportunity to have an on-site ON the RUN convenience store.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 44. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

After a 150% pump in 6 hours, will BOME rally yet again?BOME saw large amounts of volatility in the past few days, being a $1 billion market cap meme coin. Prices began to recover recent losses.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Alberta cabin, cottage prices spike in 2023 as Canada's recreational property market coolsMountains loom over condos being constructed in Canmore, Alta. on Monday, April 24, 2023.
Source: CBCCalgary - 🏆 78. / 51 Read more »