Circle K is a highly sought after net lease C-store tenant.Investors are attracted to their fully passive NNN leases which arebacked by an investment grade corporate guarantee from the parentcompany Alimentation Couche-Tard inc. Circle K stores also featurestrong intrinsic real estate as they are almost always located athighly trafficked intersections. Furthermore, because many Circle Kstores feature gasoline, investors can take advantage ofaccelerated depreciation on building improvements.
Pros:
- Investment Grade corporate guaranty
- Strong intrinsic real estate, usually located at a highlytrafficked intersection
- Fully passive NNN lease with periodic rental increases
- Advantageous accelerated depreciation on improvements due tonature of tenant's business
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