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Circle K

Circle K
Make an Offer
Investment Offering

Tenant: Circle K
Premises: 2573 SF
Renewal Options: 2 x 5 Year

Lease Expiration: 10/24/21
Lease Type: Absolute NNN
Rental Increases: 5% Every 5 Years

 

  • Absolute Triple Net Lease with Zero Landlord Responsibilities
  • Two (2) x Five (5) Year Options to Extend
  • Corporate Guaranty from Circle K
  • The Circle K Brand is Owned by Alimentation Couche-Tard Inc. with a Total Network of Over 12,000 Stores Nationwide
  • Couche-Tard Recently Consolidated All Circle K, Statoil, Mac’s and Kangaroo Express Retail Brands Under One Refreshed Global Banner as “Circle K”
  • Strong Store Sales – Numbers Available Upon Request
  • Very Low and Sustainable Rent-to-Sales Ratio
  • High Traffic Counts Along Bell Road with Over 38,000 VPD
  • Recently Extended Lease Showing Commitment to Location
  • In Cooperation with RDO Investments, LLC Lic # LC637047000
Tenant Overview

For the past half century, customers have come to recognize the convenience and quality associated with the Circle K brand. What began in 1951 with the purchase of three Kay’s Food Stores in El Paso,Texas has become one of the nation’s largest convenience store chains, with more than 7,500 stores worldwide. Circle K is owned by Alimentation Couche-Tard, the largest convenience store retailer in Canada.

About Alimentation Couche-Tard Inc.: Couche-Tard is the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of number of company-operated stores. In Europe, Couche-Tard is a leader in convenience store and road transportation fuel retail in the Scandinavian countries (Norway, Sweden and Denmark) and in the Baltic States (Estonia, Latvia and Lithuania) and in Ireland with an important presence in Poland.

As of April 24, 2016, Couche-Tard’s network comprised 7,888 convenience stores throughout North America, including 6,490 stores with road transportation fuel dispensing. Its North American network consists of 15 business units, including 11 in the United States covering 41 states and 4 in Canada covering all 10 provinces. Approximately 80,000 people are employed throughout its network and at its service offices in North America.

In Europe, Couche-Tard operates a broad retail network across Scandinavia (Norway, Sweden, Denmark), Ireland, Poland, the Baltics States (Estonia, Latvia, Lithuania) and Russia with 2,669 stores through ten business units. As of April 24, 2016, Couche-Tard network is comprised of 2,659 stores, the majority of which offer road transportation fuel and convenience products while the others are unmanned automated fuel sites which only offer road transportation fuel. Couche-Tard also offers other products, including stationary energy, marine fuel, aviation fuel, lubricants and chemicals. Including employees at its branded franchise stores, approximately 25,000 people work in its retail network, terminals and service offices across Europe.

In addition, under licensing agreements, almost 1,500 stores are operated under the Circle K banner in 13 other countries or territories worldwide (China, Costa Rica, Egypt, Guam, Honduras, Hong Kong, Indonesia, Macau, Malaysia, Mexico, the Philippines, the United Arab Emirates and Vietnam), which brings the total network to over 12,000 stores.

Area Overview

Circle K

1440 W. Bell Road - Phoenix, AZ 85032

Contact Broker for Details

Status: Sold

Circle K

Adam Scherr

310.853.1266
adam@SIGnnn.com

Max Freedman

512.766.2711
max@SIGnnn.com

Make an Offer
$8 BILLION IN SALES

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Our Intentions

We believe in giving back. There’s a big world outside of the real estate bubble and we know that with success comes responsibility.

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