Circle K

Circle K - Tenant News
Average Cap Rate Trend
5.75%
2019
5.50%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$2,000,000
Avg. Annual Rent$120,000
Avg. Price/ SF$575/SF
Typical Lease TypeTriple Net
Typical Lease Term15 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PBBB
Moody'sBaa2

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Tenant Description

Circle K is an international chain of convenience stores, founded in 1951, in El Paso, TX. The parent company of Circle K – Alimentation Couche-Tard Inc. – is the largest independent convenience store operator (regardless of petroleum integration) in terms of number of company-operated stores in North America. Circle K is primarily located in the Southern, Western, Southwestern, and Midwestern United States.

What To Look For When Buying A Circle K

Gallons, Environmental Issues

What We Like About Circle K

Strong Corporate Guarantee, Good Real Estate at high trafficked intersection, Complete NNN with zero landlord responsibilities, Advantageous accelerated depreciation on improvements due to nature of tenant’s business

Competition

7 – Eleven, WAWA

What Is Sold In A Circle K

Gas and Convenience Store Items

Circle K Website

https://www.circlek.com/

Corporate Office Location

1130 West Warner Road Suite B – Tempe, AZ, 85284-2816.

Fast Facts

As of January 2019, Circle K has over 20,000 locations globally.

Circle K – Tenant News

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