2304 Sherman Blvd
Fort Wayne, IN 46808
Circle K · Retail Property For Sale

Circle K has approximately 5.5 years left on an absolute triple-net (NNN) lease with no landlord responsibilities and is corporate backed by Mac’s Convenience Stores LLC, A Delaware limited liability company. There are three, 5-year renewal options remaining with ideal 10 percent increases in each option. Circle K is a part of Alimenation Couche-Tard of Canada. The Company’s operations currently include a network of 5,883 stores, 4,142 of which offer petroleum products, in 43 American States, the District of Columbia and ten Canadian provinces. Other operations include Europe, Mexico, Japan, China and Indonesia. Couch-Tard stores serve more than 25 million visitors per week and employ 53,000 staff members. The Subject property is guaranteed by Mac’s Convenience Stores, LLC. The first Mac’s store was opened in Richmond Hill, Ontario in 1961. Expansion throughout Canada brought Mac’s number of stores to 825 locations in 1986. Further expansion and restructuring, and eventually being acquired by Alimentation Couche-Tard, has made them the largest national convenience store network in Canada. After launching into the US market between 2001-2004, Couche-Tard has been counted as the second largest convenience store chain in North America since 2007.