Sinclair Puts 27 Sites on the Block

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Sinclair Puts 27 Sites on the Block

03/22/2007
SALT LAKE CITY -- Sinclair Oil retained Chicago-based real estate firm Energy Exchange to auction off 27 of its Sinclair branded stations throughout eight states -- Colorado, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, and Wyoming.

As reported first by CSNews Online yesterday, the stations being sold in the sealed bid sale come with 10-year Sinclair branding and fuel supply agreements or can be used with a petroleum deed restriction.

"This is a great opportunity for an owner operator to walk into an established business with a strong brand to support them," said Phil Boyd, managing director of Energy Exchange. "These stations are on some great corners and the right operator with vision can take these to next level. We expect this sale to generate a high level of interest from prospective operators as well as retail developers due to fact that many of these sites are high traffic locations."

Bidders may bid on any number of stores, before the deadline of May 9. To obtain a list of the stores and information concerning the sale, contact Energy Exchange at (866) 906-7499 or visit www.energy-xchange.com.

The original Sinclair Oil Co. began marketing the brand with an Apatosaurus (a.k.a. Brontosaurus) in 1930 and now is the seventh largest oil company in the United States, according to the company.