SQRL Expands with Acquisition of 210 Stores Across the U.S.

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Notable Sale: Joseph Compagno, Benjamin Farthing, Logan Grant, and Holden Pope of CBRE, just sold this Chick-fil-A Ground Lease in Phoenix, AZ:

• Price: $6,100,000 @ 4.05% CAP

GAS, BREAK, DIP

SQRL has completed a milestone acquisition of 210 stores across the United States. (Read Here)

Emerging player: SQRL has acquired 210 stores throughout the US from an undisclosed seller. The acquisition brings SQRL’s store count to more than 350 across 14 states: Alabama, Arkansas, Florida, Kansas, Louisiana, Mississippi, Missouri, North Carolina, Ohio, Oklahoma, Pennsylvania, Tennesee, Texas, and Wisconsin.

💰 THE MONEY SHOT

Investing in communities: SQRL, established in 2013, aims to revolutionize the convenience store industry by providing safe and efficient fuel and food offerings. Each location offers high-quality fuel options and a variety of food offerings, including locally sourced products, to cater to the community's needs and invest back into the local economy.

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

TRAP QUEEN

Walgreens is taking steps to reduce costs by closing 60 clinics and exiting five markets. (Read Here)

Shuttering clinics: Walgreens will close 60 clinics and adjust store hours based on local market conditions. This move is aimed at improving profitability and focusing on the most important needs of the business and customers.

💰 THE MONEY SHOT

Exiting markets: The pharmacy chain plans to exit five markets entirely, though specific locations were not disclosed. Walgreens aims to achieve density in regions with the greatest potential for future profitability and where it can best serve patients.

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

FRIED BICKEN

Southern Classic Chicken has opened its first prototype restaurant in Louisiana; now has 17 stores total. (Read Here)

Growth plans: Southern Classic Chicken aims to expand further in Louisiana and Texas, while also beginning its growth trajectory in Mississippi. The brand plans to renovate existing locations to match the new prototype design and open two to three more locations by 2024.

💰 THE MONEY SHOT

Turning loyalty into growth: With a 30-year history and a loyal customer base, Southern Classic Chicken aims to leverage its strong consumer product and dedicated following to attract more franchisees and expand its fan base.

For a contact list of Southern Classic Chicken property owners reply “Southern Classic Chicken List” to this email.

TRIPLE NET TENDIES

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NET LEASE NUGGIES

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• Netflix and chill: Netflix to open physical stores where you can binge merch, themed food, and live events.

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