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Circle K | New 15yr Corp Abs NNN Grd Lse 1571 Bryan Rd 8,200 SF Retail Building Dardenne Prairie, MO 63366 $4,605,374 CAD ($561.63 CAD/SF) 5.15% Cap Rate

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Investment Highlights

Brand New 15-Year Lease | 2025 Construction | Corporate Guaranty
Signalized, Hard Corner Intersection | Prairie Encore Development

Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Radius | Affluent St. Louis Suburb

Executive Summary

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, new construction, corporate guaranteed, Circle K investment property located in Dardenne Prairie, Missouri (St. Louis MSA). The tenant recently signed a brand new 15 year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Circle K is a global leader in the convenience and mobility sector, operated by Alimentation Couche-Tard (TSX: ATD), which maintains a global footprint of approximately 17,300 stores across 29 countries. The subject property features a modern prototype design with six fuel pumps and twelve fueling stations.

Property Facts

Sale Type

Investment NNN

Sale Condition

Ground Lease (Leased Fee)

Property Type

Retail

Property Subtype

Convenience Store

Building Size

8,200 SF

Building Class

Year Built

2025

Price

$4,605,374 CAD

Price Per SF

$561.63 CAD

Cap Rate

5.15%

NOI

$237,152 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.11

Lot Size

1.72 AC

Zoning

C3 - PUD - Commercial

Parking

28 Spaces (3.41 Spaces per 1,000 SF Leased)

Frontage

1,800’ on Bryan Road

Corner Lot

Signage

Signalized Intersection

Monument Signage

Retailer
99,999 SF
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Circle K is a global convenience store brand that originated in 1951 when Fred Hervey purchased three Kay’s Food Stores in El Paso, Texas. Initially focused on the southwestern United States, the company expanded rapidly through acquisitions and franchising, entering international markets by 1979. After filing for bankruptcy in 1990, Circle K underwent ownership changes before being acquired in 2003 by Alimentation Couche-Tard, a Canadian multinational based in Laval, Quebec. Today, Circle K operates thousands of locations worldwide, offering convenience retail and fuel services under various fuel brands. The company introduced a global rebranding initiative in 2015 to unify its identity across markets. Circle K is a subsidiary of Alimentation Couche-Tard, which trades publicly on the Toronto Stock Exchange under the ticker ATD.