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ST. LOUIS -- Energy Marketing LLC is selling five operating convenience stores with gas through a sealed bid auction to be coordinated by The Energy Exchange of Chicago. All five stores are located in the metro St. Louis market.
According to Energy Marketing, the objective of the sealed bid is to put these sites into the hands of aggressive "owner operators," so that it can reinvest the capital into purchasing new locations and growing the company.
"This portfolio represents a solid opportunity for operators to buy profitable c-stores and control their own business while choosing possible brands that will yield the best fuel sales," said Phil Boyd, managing director of The Energy Exchange, which has been named the real estate advisor in the sale.
Bidders will be able to make their offers with or without a fuel supply agreement. For bidders who opt for a supply agreement, the seller will be offering the bidder a financing incentive by holding a 10-percent second mortgage on the properties.
The sale of these locations is set for a sealed bid auction deadline of Tuesday, June 18. Interested bidders may bid on one, some or all of the locations and can obtain a list of the available stores by visiting www.energy-xhange.com or calling (866) 906-7499.
Chicago-based The Energy Exchange is a company within Coldwell Banker Commercial-NRT that specializes in the sale of convenience stores and gas stations nationwide.