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    C.K. Smith C-stores to Hit Auction

    Tranzon Auction Properties to sell 16 locations in late June.

    By Mehgan Belanger

    WORCESTER, Mass. -- Later this month, 16 gas station and convenience stores previously owned by regional fuel supplier C.K. Smith will be auctioned by Tranzon Auction Properties.

    The locations stretch from Milford, N.H., to Westport Mass., according to the auction company. Some of the sites are full convenience stores with tenants such as Dunkin' Donuts, while others are kiosk-type locations with only gas, Tranzon stated.

    The 16 locations are being sold as foreclosure auctions, and as such, will be sold "as-is where is," the company stated. Auctions are slated to begin June 21, and conclude June 29.

    Some convenience stores or subtenants at the locations may currently be operating, but the fuel retail side of the stores are not, Thomas Saturley, president of Tranzon Auction Properties, told CSNews Online.

    Operating equipment at the locations, excluding any leased equipment, will be included in the sale, he said. Gas brands at the locations include Irving and United, but the stores are being sold without any fuel supply contracts, so buyers may arrange to fly their choice of banners.

    "We've had great interest in the properties because they're so well known," he said. "Some of them are in significant high-traffic areas."

    Of the 16 locations, 15 are located in Massachusetts and one is located in New Hampshire, according to the Web site. Assets to be auctioned are located in:

    -- Barre, Mass.
    -- Fitchburg, Mass.
    -- Amesbury, Mass.
    -- Newburyport, Mass.
    -- Chelmsford, Mass.
    -- Leicester, Mass.
    -- Hopkinton, Mass.
    -- Holbrook, Mass.
    -- Raynham, Mass.
    -- Westport, Mass. (two sites)
    -- Borne, Mass.
    -- Kingston, Mass.
    -- Plymouth, Mass.
    -- Marshfield, Mass.
    -- Milford, N.H.

    CSNews Online reported in early February that C.K. Smith closed its 23 Irving-branded gas stations and convenience stores in Massachusetts and New Hampshire due to financial problems.

    More information on the sites and the auction can be found at: www.cstoreauction.com

    Related News:

    C.K. Smith Closes 23 Irving Stations in Mass., N.H.

    By Mehgan Belanger
    • About Mehgan Belanger

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