Friday, September 29, 2023
Alimentation Couche-Tard Puts 68 Circle K Stores Up For Sale
Retailer selling sites in 21 states
Source: CSP Daily News
By Greg Lindenberg, EditorAlimentation Couche-Tard Inc. is selling 68 Circle K sites across 21 states, with concentrations in Indiana and Ohio, among other markets.
The stores have an average store size of 2,300 square feet and an average lot size of 23,000 square feet. Of the sites, 37 are fee-owned and 31 are leased, while 42 properties sell fuel, and the balance are convenience only. They are all being offered without fuel supply and without convenience store brand.
The company has engaged NRC Realty & Capital Advisors LLC (NRC) to coordinate and manage the marketing and sale of the sites. This is NRC’s third sale for Circle K in the last three years.
"We have some good sites in this offering which will be of interest to individual operators and smaller companies," said Evan Gladstone, NRC’s executive managing director. "We have a few stores in California, Florida and Texas, as well larger groups in Indiana and Ohio."
The bid deadline has been set for Nov. Interested parties may get store locations and additional information on the NRC website at www.nrc.com/2303 or by calling NRC at (800) 747-3342, ext. 2303.
Chicago-based NRC provides real estate and financial advisory services to the c-store and petroleum industries in North America. Those services include portfolio evaluation and analysis; portfolio and single-site store sales and merger-and-acquisition (M&A) advisory services.
Alimentation Couche-Tard is No. 2 on CSP’s 2023 Top 202 list of convenience-store chains by store count. Circle K is a retail brand of Alimentation Couche-Tard, Laval, Quebec. Couche-Tard operates in 25 countries and territories, with more than 14,400 c-stores, including more than 7,000 in the United States.
To see a list of convenience stores and gas stations for sale, click here.