As part of a portfolio optimization effort, Stinker Stores Co. Inc., a major convenience-store retailer in the Rocky Mountain region, is putting 13 locations in Colorado up for sale. It is divesting the stores to sharpen its focus on core assets and capitalize on upcoming development projects, the Boise, Idaho-based company said.
The chain has 105 convenience stores in Idaho, Colorado and Wyoming.
Stinker Stores expanded its presence within the Mountain West region, entering Colorado in 2017 through the acquisition of Denver-based Bradley Petroleum, 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, it said.
This 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, said the company.
“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.”
Stinker’s iconic brand is known by its skunk mascot, Polecat Pete.
Stinker Stores has signed a listing agreement with Corner Realty to sell the fee property convenience retail locations in the Colorado market. The sites will be available to purchase one, some or all and will be available with open fuel supply. Properties will also be marketed outside the industry.
Austin, Texas-based Corner Realty launches the sites for sale on March 31 with offers dues by April 30. The sale must be complete by the end of August. Buyers may determine fuel supply at their discretion as part of the purchase.
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