Net Lease Circle K Property Profile and Cap Rates Date September 17, 2020
Net Lease Circle K – Typical Property and Lease Terms
| Price Range: | $2mm - $6 mm |
| Cap Rate: | 5.40% |
| Net Income: | $200,000 |
| Price Per foot: | $800 PSF |
| Building Size: | 2,000- 4,000 SF |
| Lot Size: | 1 Acre |
| Escalations: | 5% every 5 years |
| Lease Term: | 15 Years |
| Lease Type: | NNN |
| Credit Rating: | BBB (S&P) |
Tenant Company Information:
Circle K Stores, Inc. is an international chain of convenience stores, owned by the Canadian multinational Alimentation Couche-Tard. Founded in 1951 in El Paso, Texas, the company filed for bankruptcy protection in 1990 and went through several owners, before being acquired by Alimentation Couche-Tard in 2003.[2][1] As of February 2020, Circle K has 9,799 stores in North America (primarily in the United States and Canada), 2,697 stores in Europe, and an additional 2,380 stores operating under franchise agreements worldwide.[1]
In 2015, Circle K unveiled a new logo and brand identity, and Couche-Tard announced that it would deploy the brand globally, including English-speaking Canada (rebranding from the Mac’s brand), Europe (rebranding from the Statoil brand, and the United States (rebranding from the Kangaroo Express brand and updating the existing Circle K brand
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