Convenience and fuel retailer Alimentation Couche-Tard has engaged NRC Realty & Capital Advisors for the sale of its 68 Circle K locations in the US.
Located across 21 states, 37 of the sites are fee-owned and 31 are leased. About 42 of them also sell fuel.
The stores are offered without fuel supply and without convenience store branding. The bidding deadline was set as November 16.
“We have some good sites in this offering which will be of interest to individual operators and smaller companies,” commented Evan Gladstone, NRC’s executive MD.
“We have a few stores in California, Florida, and Texas, as well as larger groups in Indiana and Ohio.”
This is NRC’s third sale for Circle K in the last three years. Since its inception in 1989, the firm has sold more than 15,000 properties for leading convenience store retailers and closely held businesses.
Based in Laval, Quebec, Couche-Tard operates in 24 countries and territories with more than 14,400 stores. The company posted net earnings of $670.7 million for the fourth quarter of FY23, while full-year net earnings per diluted share increased 21.4 per cent.
