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Assets Held for Sale

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment Assets Held-for-Sale Disclosure [Abstract]

Note 3. ASSETS HELD FOR SALE

We have classified 67 sites and ten sites as held for sale at March 31, 2025 and December 31, 2024, respectively, which are expected to be sold within one year of such classification. Assets held for sale were as follows (in thousands):


	March 31,			December 31,
	2025			2024
Land	$	22,376		$	4,483
Buildings and site improvements		18,287			3,866
Equipment		17,542			3,752
Total		58,205			12,101
Less accumulated depreciation		(16,310	)		(3,107	)
Assets held for sale	$	41,895		$	8,994

The Partnership has continued to focus on optimizing the class of trade for its assets, which has included divesting certain assets, often lower performing, while seeking to maintain a wholesale fuel supply relationship whenever possible. During the three months ended March 31, 2025, we sold seven properties for $8.6 million in proceeds, resulting in a net gain of $5.6 million.

See Note 5 for information regarding impairment charges primarily recorded upon classifying sites within assets held for sale.