kumgo auctions 33 locations

Twenty-one stores and 12 surplus locations become available for sealed bid.

West Des Moines, Iowa-based Kum & Go has launched plans to sell 21 convenience stores in three states. The stores and 12 surplus sites–33 locations in all–will be sold in a sealed bid auction conducted by the

Energy Exchange of Chicago on Sept. 18, according to the Des Moines Register. Bidders will be able to make offers on one, some or all of the stores.

“The sale of these properties is based on our desire to consolidate and strengthen our asset base,” Kum & Go Chief Executive Kyle Krause said in a statement announcing the sale.

Seven of the stores, located in the Des Moines, Iowa area, were built in the 1970s and ’80s, ranging in size from 1,537 square feet to 4,250 square feet. These stores are older and “not large enough to consistently deliver the products that Kum & Go’s newer locations offer,” the company said.


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