Circle K Stores For Sale

Circle K stores also feature strong real estate security, since they are almost always located at high traffic intersections. Furthermore, many Circle K stores feature gasoline options, so investors can take advantage of the accelerated depreciation when considering building improvements.

Tenant Description

With locations found mostly in the south and western half of the U.S., Circle K currently has over 3300 retail stores throughout the United States. Altogether, more than four thousand properties are owned globally. From China, Mexico, Japan, and even the UAE, Circle K has successfully owned and operated their convenience stores for fifty years and counting.

Alimentation Couche-Tard Inc., is the current parent corporation for Circle K. Putting aside whether petroleum products and services might be offered at any specific designation, they are technically the biggest corporate run convenience store location throughout all of North America.

In fact, the Canadian Couche-Tard employs approximately 53,000 employees, spanning three primary brands. Circle K, Mac’s, and Couche-Tard. When taken together, they bring in more than $15.8 billion in revenues per annum, with an estimated 25 million people being serviced every week.

Apparently, changing their branding and consolidating acquisitions has helped pay dividends. The repurposing of Dairy Mart, Bigfoot, Handy Andy, and Mac’s have now merged under the Circle K brand since 2005. Additionally, there are 26 storefronts under different branding through Chico Enterprises located in Morgantown, WV.

Another recent purchase was the 90-store Spectrum property chain, located in the states of GA and AL.  Other company acquisitions and mergers include the Missouri-based CFM chain, along with 35 separate Sterling Dairy properties originating from Ohio.