Circle K - 20-Year Absolute NNN

Pegasus Investments Real Estate Advisory Inc., and ParaSell, Inc., as exclusive advisors to the Seller, are pleased to present the opportunity to acquire a brand new 20-year absolute triple net (“NNN”) corporate ground lease with Circle K Stores Inc. (“Circle K”), situated strategically along Texas Highway 375 in El Paso, Texas (the “Property”). Positioned on a massive 3.14-acre parcel, the Property will feature a 5,200 SF convenience store, 8-pump fuel canopy and 4-pump diesel canopy strategically designed to service the heavy ground logistics and distribution infrastructure in El Paso, which sees approximately 1 million trucks crossing north at the El Paso-Ciudad Juarez border annually. The Property is situated amidst a densely populated and rapidly growing residential area with a population of over 142,000, with 42,000 households within a three-mile radius. Its proximity to major retail corridors, schools, and healthcare facilities within a 5-minute drive amplifies its accessibility and commercial potential.
Circle K is an investment-grade-rated international chain of convenience stores, owned by the Canadian multinational conglomerate, Alimentation Couche-Tard. It is the second-largest convenience store operator in the United States. Founded in 1951 in El Paso, Texas, Circle K has become one of the most widely recognized convenience store brands, known worldwide for quality products and great customer service. As of December 2023, Circle K has 6,617 stores in the United States and 7,500 stores in 25 countries worldwide. Moreover, Texas ranks second in the nation with 735 stores, making up 11% of Circle K’s domestic unit count. Circle K owns and operates stores in 46 states and is second only to 7-Eleven in number of convenience stores in operation in the U.S. The Property will feature the 70th location for Circle K in the El Paso region.