68 Circle K Stores Across 21 States To Be Sold

Estimated read time: 3 minutes and 50 seconds

Notable Sale: Ronnie Issenberg and Gabriel Britti of Marcus & Millichap, just sold this TopGolf in Fort Myers, FL:

• Price: $38,000,000 @ 5.90% CAP

STOP BEING A SQUARE

Alimentation Couche-Tard Inc. is Selling Nearly 70 Circle K Stores in the United States (Read Here)

Square Bear: Convenience-store giant Alimentation Couche-Tard is divesting nearly 70 Circle K stores, primarily located in Indiana and Ohio. The company has hired advisory firm NRC Realty & Capital to oversee the marketing and sale of these properties across 21 states in the U.S.

Sale Details: The 68 Circle K stores, averaging 2,300 sq. ft. in size with an average lot size of 23,000 sq. ft., are spread across 21 states. Of the sites, 37 are fee-owned, 31 are leased, and 42 properties sell fuel.

💰 THE MONEY SHOT

Changing Landscape: Alimentation Couche-Tard's sale of Circle K stores highlights its strategic decision to divest from certain locations and streamline its portfolio. This move follows the company's recent acquisitions and aligns with its focus on convenience store and fuel retail operations globally.

For a contact list of Circle K property owners reply “Circle K List” to this email.

THE JUICE IS LOOSE

Tropical Smoothie Cafe Opens 51 Stores in Third Quarter (Read Here)

Growth and expansion: Tropical Smoothie Cafe opened 141 new cafes and signed 166 franchise agreements in Q3, bringing the total number of open locations to over 1,335. Existing franchisees and new multi-unit franchisees contribute to the brand's growth.

Menu innovation and positive sales: The brand's commitment to menu innovation, such as the Island Punch smoothie, has contributed to positive same-store sales. The Island Punch smoothie received a positive response from guests and boosted the brand's Tropic Rewards loyalty program.

💰 THE MONEY SHOT

Continued success and recognition: Tropical Smoothie Cafe's growth and achievements include being named one of Atlanta's Most Admired CEOs of the Year and being recognized as the 8th fastest-growing fast-food chain in America by QSR Magazine.

For a contact list of Tropical Smoothie Cafe property owners reply “Tropical Smoothie Cafe List” to this email.

DINERS, DRIVE-INS AND DIVES

Tesla Plans Diner, Drive-In Theater, and Charging Station Project in West Hollywood (Read Here)

Evolving Market: Tesla is moving forward with a project on Santa Monica Boulevard near West Hollywood that will transform a closed Shakey's Pizza Parlor into a combination diner, drive-in theater, and charging station for its electric cars.

Combining concepts: Tesla's project aims to create a unique experience by integrating a classic diner, a drive-in movie theater, and EV charging stations. This aligns with founder Elon Musk's earlier tweet about the concept.

💰 THE MONEY SHOT

Embracing innovation: Tesla's venture reflects the company's commitment to expanding infrastructure alongside the increasing popularity of electric vehicles. This project showcases their vision of integrating entertainment, dining, and charging into a single location, catering to the evolving needs of EV owners.

For a contact list of Tesla property owners reply “Tesla List” to this email.

TRIPLE NET TENDIES

🧠 Thought Leader: Neal Sherman goes off on LinkedIn about why he thinks Boston Market is the “crappiest operator in the world”

👂 Ear Hustle: Kyle Matthews shares his Strategies for Training and Retaining Top Talent

💎 Web Gem: Franchise Times shares how the Largest Burger Chains are Performing

NET LEASE NUGGIES

• Fuzzy's Taco Shop is set to open its first Wisconsin restaurant in Weston, featuring a drive-thru

• Protein Bar & Kitchen, a fast-casual restaurant brand, plans to bring its protein-powered menu to 100 locations nationwide

• Port of Subs expands into the Greater Denver area with a regional development deal, bringing 20 new units to the market

• Toastique signs three-unit deal in the Twin Cities, bringing their nutritious and delicious offerings to Minneapolis and surrounding areas

• Park Jordan, a cannabis-focused commercial brokerage, highlights the challenges of navigating real estate and fundraising

MEME OF THE DAY

☎️ FOCUS YOUR TIME PROSPECTING INSTEAD OF RESEARCHING

Work with NNN Beast to provide you with the industry’s best Databasing / Skiptracing contact information search services available. We provide you with property owner phone numbers, emails, & mailing addresses.

You want a contact list of all Taco Bell properties in California? What about Starbucks properties in non-income tax states? A list of restaurant properties operated by a particular franchisee? We got you, fam.

We’ll get you the Glengarry leads so you can focus on money-making activities. Just provide us with the list of addresses and we’ll get you the property owner contact info. Reply to this email “Glengarry Leads” to try for free.