Stinker Stores has signed a listing agreement with Corner Realty to sell 13 fee property c-stores in the Colorado market. The sites, according to a statement from the retailer, will be available to purchase individually or all together, and will be available with open fuel supply. Properties will also be marketed outside the industry.
As part of its portfolio optimization efforts, Stinker Stores is divesting the 13 locations to sharpen its focus on core assets and capitalize on upcoming development projects. Stinker Stores expanded its presence within the Mountain West region entering Colorado in 2017
via acquisition, which included these 13 sites.
Since taking over operations, management has made significant improvements, renovations and capital expenditures to integrate these sites into its network of retail assets.
The strategic divestiture reflects Stinker Stores’ commitment to optimizing its footprint, reallocating resources to other markets and reinforcing its competitive position in the convenience retail sector. The sale presents a compelling investment opportunity for operators, fuel distributors, developers and investors looking to capitalize on well-positioned convenience retail assets throughout Colorado.
“Stinker Stores is determined to be the leader in our trade areas utilizing our latest store format, serving this and the next generation of food and convenience customers in the Rocky Mountains,” said Nancy Jones, chairman of Stinker Stores. “Project Polecat will support this strategic effort and continue to provide significant growth opportunities for our retail leaders across our network.”
Offers for the sites will be accepted through April 30.
