DOCSLIB.ORG

Quiktrip | Corporate Absolute Nnn

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Quiktrip | Corporate Absolute Nnn Sold at development cost Strategic positioning & signage along i-410 Within 1-mile: -Medina Annex entrance -Lackland AFB entrance -3 schools (2,053 students) -Blue skies tx east (1000+ residents) FILE PHOTO OFFERING | $4,630,822 – 5.50% CAP QuikTrip | corporate absolute nnn 6618 Medina base rd, san Antonio, tx 310.736.4179 Property. New 4,977+ SF building on 1.31+ acre site. JOE CAPUTO Tenant. Lessee: QuikTrip Corporation. Operates 780+ stores across 11 states with 20,000 employees and 2017 annual sales in excess of $11 billion. [email protected] Lease structure. New 15-year, corporate absolute NNN with Cap Rate increases of 25 basis points every 5 years after the primary term. ALEX TOWER Location. QuikTrip is strategically located along Medina Base Rd. (30,000 VPD) in southwest San Antonio, TX. Medina Base Rd. is a local thoroughfare that [email protected] provides direct access to Medina Annex of Lackland Airforce Base and the high traffic highway of I-410 (115,000 VPD). With strategic positioning and strong signage along I-410, the subject property stands to capture immediate traffic with direct access from Exit 3B. Within 1-mile of the property is Blue Skies Texas East Community (1,000+ residents), 3 schools with approx. 2,053 total students, Medina Annex entrance, and Lackland AFB Valley High Gate entrance. The immediate trade area features above average population demographics of 77,795 people within a 3-mile radius. Several national credit tenants in the immediate trade area including HEB, AutoZone, O’Reilly, Gold’s Gym, Walgreens, Valero, and many more. QuikTrip is located approximately 15-miles from downtown San Antonio, TX. Table of contents | Disclaimer quiktrip 6618 Medina base rd, san Antonio, tx PAGE 1: COVER Disclaimer Trivanta (“Agent”) has been engaged as an agent for the sale of the property located at PAGE 2: TABLE OF CONTENTS | DISCLAIMER 6618 Medina Base Rd., San Antonio, TX the owner of the Property (“Seller”). Seller and Agent make no representations or warranties as to the accuracy of the information PAGE 3: INVESTMENT | TENANT | LEASE OVERVIEW contained in this Offering Memorandum. The enclosed materials include highly confidential information and are being furnished solely for the purpose of review by prospective PAGE 4: TENANT OVERVIEW CONTINUED purchasers of the interest described herein. The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. The material contained herein is based on information and sources PAGE 5-6: AERIAL PHOTOS deemed to be reliable, but no representation or warranty, express or implied, is being made by Agent or Seller or any of their respective representatives, affiliates, officers, employees, PAGE 7: SITE PLAN shareholders, partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not PAGE 8-10: LOCATION OVERVIEW intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Agent nor the PAGE 11: ECONOMIC DRIVERS Seller shall have any liability whatsoever for the accuracy or completeness of the information contained herein or any other written or oral communication or information transmitted or made available or any action taken or decision made by the recipient with PAGE 12-13: LOCATION MAPS respect to the Property. Interested parties are to make their own investigations, projections and conclusions without reliance upon the material contained herein. Seller reserves the PAGE 14: DEMOGRAPHICS right, at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Seller and Agent each expressly reserves the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This offering is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements on behalf of Seller. Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller’s obligations hereunder have been satisfied or waived. By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated in the strictest confidence and shall be returned to Agent or Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of Seller and Agent. FILE PHOTO 2 Investment overview quiktrip 6618 Medina base rd, san Antonio, tx Lease overview PRICE | CAP: $4,630,822 | 5.50% Primary Lease Term: 15-Years NET OPERATING INCOME: $254,695 Option Periods: 10, 5-Year Options BUILDING AREA: 4,977+ Square Feet Rent Commencement: At Closing LAND AREA: 1.31+ Acres Lease Type: Corporate Absolute NNN YEAR BUILT: 2019 Rent Increases: See Parenthesis * Annual Rent Yrs 1-15: $254,695 (Current) LANDLORD RESPONSIBILITY: None Option 1 | Yrs 16-20: $266,272 (5.75% CAP) Option 6 | Yrs 41-45: $324,157 (7.00% CAP) OWNERSHIP: Fee Simple Interest Option 2 | Yrs 21-25: $277,849 (6.00% CAP) Option 7 | Yrs 46-50: $335,734 (7.25% CAP) OCCUPANCY: 100% Option 3 | Yrs 26-30: $289,426 (6.25% CAP) Option 8 | Yrs 51-55: $347,311 (7.50% CAP) Option 4 | Yrs 31-35: $301,003 (6.50% CAP) Option 9 | Yrs 56-60: $358,888 (7.75% CAP) Option 5 | Yrs 36-40: $312,580 (6.75% CAP) Option 10 | Yrs 61-65: $370,465 (8.00% CAP) * Cap Rate increases 25 basis points every 5 years at the beginning of each option period Tenant overview Lessee: QuikTrip Corporation QUIKTRIP | www.quiktrip.com | Credit Rating: NAIC 2 (Equivalent BBB) QuikTrip Corporation is a privately held company headquartered in Tulsa, Oklahoma that owns and operates gasoline and convenience stores. Founded in 1958, QuikTrip has grown to a more than $11 billion company with 780+ stores across 11 states. Those revenues place QuikTrip high on the Forbes listing of largest privately held companies. QuikTrip Corp. currently holds an NAIC 2 Rating which is the equivalent of a “BBB” rating by Standard & Poor’s. QuikTrip locations feature the company’s own QT brand of gas, as well as brand-name beverages, candy, tobacco and QT’s own Quik’n Tasy and Hotzi lines of sandwiches. With over 20,000 employees, QuikTrip has made Fortune Magazine’s list of “Best Companies to Work For” every year for the last 15 years and received the 38th spot in People Magazine’s “50 Companies That Care.” QuikTrip is consistently ranked as one of the top convenience store marketers in product quality and friendly service, including a top spot on GasBuddy’s Top Rated C-Store list for 2017, and Top Rated Convenience Store Brand in the state of Missouri. It is also ranked 68th on Fortunes 100 best companies to work for in 2017 and 33rd on Forbes List of Private Companies. QuikTrip also gives back to the communities it serves, donating 5% of net profits to qualified 501c3 non-profit agencies, which includes United Way campaign match, support for National Safe Place agencies, Folds of Honor scholarships and many other agencies that support at-risk youth and early childhood education. 3 tenant overview continued quiktrip 6618 Medina base rd, san Antonio, tx QUIKTRIP AWARDS QUIKTRIP IN THE NEWS • People Companies That Care (#38) BOSTON – Convenience Store News (1/11/2018) - QuikTrip and Wawa came out on top of GasBuddy's • Best Workplaces in Texas 2017 (#15) latest ranking of pit stops. Article Link • Best Workplaces for Giving Back 2017 (#45) The Top 100 Pit Stops in the United States in 2017 list highlights the best-of-the-best, where drivers can • Best Workplaces for Diversity 2017 (#29) enjoy pleasant customer service, perk themselves up with amazing coffee, use the restroom in peace • Best Work for Women 2017 (#54) and enjoy a perfect pumping experience, according to GasBuddy. • Best Workplaces in Retail 2017 (#2) Users of the GasBuddy mobile app had a say in the list, which honors businesses ranked highly by the GasBuddy community. "Gas stations have evolved through the years to become true destinations. No QUIKTRIP EMPLOYEE SURVEY longer are they just a place to top off the tank, but they provide exceptional experiences for those (2,487 Employees Surveyed on October 5, 2017) looking for a good meal, coffee, and more," said Frank Beard, convenience store and retail trends analyst at GasBuddy. "GasBuddy users have given these gas stations the highest ratings in our app - each one a unique expression of regional flavor.“ QuikTrip made the most appearances on the list • Great Challenges - 92% with 18 locations, followed by Wawa with 14 and Shell with seven. QuikTrip also topped the list • Workplace is Great - 89% as the overall No. 1 with its Oro Valley, Ariz., location. Eighteen gas stations received five-star • Great Atmosphere - 94% ratings, making them the top-rated pit stops in the U.S.
Load more

Recommended publications
  • Quiktrip | Cedar Park, TX
    2019 CONSTRUCTION CEDAR PARK, TX AUSTIN MSA OFFERING MEMORANDUM Representative Photo TABLE OF CONTENTS 03 EXECUTIVE OVERVIEW 04 FINANCIAL OVERVIEW 08 TENANT OVERVIEW 09 AREA OVERVIEW LISTED BY: MICHAEL MORENO SENIOR ASSOCIATE DIR: (949) 432-4511 MOB: (818) 522-4497 [email protected] LIC NO: 01982943 (CA) RAHUL CHHAJED SENIOR ASSOCIATE DIR: (949) 432-4513 MOB: (818) 434-1106 [email protected] LIC NO: 01986299 (CA) ARON CLINE SVP & SENIOR DIRECTOR DIR: (949) 432-4509 MOB: (310) 632-0233 [email protected] LIC NO: 01904371 (CA) BROKER OF RECORD KYLE MATTHEWS LIC NO: 9005919 (TX) Representative Photo QUIKTRIP 2 CEDAR PARK, TX PROPERTY HIGHLIGHTS » Brand New Construction Corporate Sale Leaseback — EXECUTIVE OVERVIEW Brand new 15-year Absolute NNN Lease » High-Quality Development — 2019 Generation 3 QuikTrip Store » Scheduled Rental Increases — Lease features Ten (10) Five (5) QUIKTRIP Year Options with fixed rental increases that provide a major hedge 2019 CONSTRUCTION against inflation CEDAR PARK, TX » Ideal 1031 Exchange Property — Offers a potential investor a very passive net lease investment » Offered For Sale At Development Cost — The property is being sold at $5,060,302 development cost, not to make a profit, like most net leased investment opportunities. This provides an additional layer of security for a future landlord as LIST PRICE the tenant is not assigning a rent that is unsustainable to make a profit on the sale. » Accelerated Depreciation Opportunity - Subject property gives a future landlord the 5.50% ability to utilize accelerated depreciation to receive significantly higher after tax cash flow on this property than other net lease investments (See page 7) CAP RATE LOCATION HIGHLIGHTS » Top MSA (Austin, TX) — Corner location in the fastest-growing large city in the country in $278,316 Austin, TX.
    [Show full text]
  • For the Fuel & Convenience Store Industry
    FOOT TRAFFIC REPORT FOR THE FUEL & CONVENIENCE STORE INDUSTRY Q1 2017 A NEW ERA FOR THE CONVENIENCE STORE As the convenience store industry adapts to meet customer needs and grow market share, location intelligence is becoming increasingly critical to understanding consumer habits and behaviors. GasBuddy and Cuebiq teamed up in the first quarter of 2017 to issue the first foot traffic report for the fuel and convenience store industry. Highlights: GasBuddy and Cuebiq examined 23.5 million consumer trips to the pumps and convenience stores between January 1 and March 31. In Q1, more than half of GasBuddies visited locations within six miles of their homes or places of employment, giving retailers the opportunity to leverage their greatest resource—knowing their customer base—to localize and personalize their product selection. Weekdays between 11:00 a.m. and 1:00 p.m. were highly-trafficked hours in Q1. Convenience stores are poised to lure business away from QSRs and grocery stores now that customers can eat quality meals at the same place and time they choose to fill up their tanks. With filling a gas tank clocking in at an efficient 2-3 minutes, the 73% of GasBuddies who spent more than five minutes at locations in Q1 demonstrated that consumers are likely willing to spend some time in store before or after visiting the pumps. QUARTERLY FOOT TRAFFIC REPORT 1 GasBuddy examined nearly 23.5 million consumer trips to gas Indiana-based gas station and stations and c-stores in Q1 2017 convenience store chain Ricker’s enjoys a loyal GasBuddy customer Which fuel brands captured the base—the nearly 50-station brand highest ratio of footfall per station? captured more than 4x the industry average footfall per location in Q1.
    [Show full text]
  • Quiktrip, Wawa and Sheetz Top US C- Stores
    QuikTrip, Wawa and Sheetz top US c- stores A focus on Fresh and Ready-to-Eat is the biggest differentiator. QuikTrip, Wawa and Sheetz are the top retailers in the $654.3 billion U.S. Convenience market, according to the second annual dunnhumby Retailer Preference Index for the Convenience Channel (RPI). The RPI surveyed nearly 7,000 U.S. households to determine which of the top 27 c-store retailers have the strongest combination of financial performance and consumer emotional connection. The retailers with the highest overall index scores are: 1) QuikTrip, 2) Wawa, 3) Sheetz, 4) Kwik Trip/Kwik Star, 5) RaceTrac, 6) Casey’s General Stores, and 7) Maverik. “There is a raging battle for the stomach that is being fought not only by grocery retailers, fast food restaurants, and food delivery services, but also now by convenience stores. The convenience retailers winning today and substantially growing are catering to the time-starved consumer by offering not only groceries, but also quality fresh and ready-to eat food,” said Jose Gomes, President of North America for dunnhumby. “Instead of focusing on just winning loyalty or new customer acquisition, retailers need to focus on winning the customer and each customer mission together.” The RPI study explored the evolving food retail landscape to help retailers navigate an increasingly challenging market. The overall RPI ranking evaluated retailer performance on five pillars: convenient quality, price, fresh and healthy, discounts and rewards, and digital. Last update: October 14, 2019 Author: PetrolPlaza Correspondent Pablo Plaza Copyright © 2021. All rights reserved. www.petrolplaza.com.
    [Show full text]
  • Location Supply Loyalty Store Go
    High traffic• Good ingress and egress • LOCATION GO Sizable acreage • • Sophisticated buying • Below-market prices Focus on foodservice • SUPPLY • Guaranteed volumes Strong product assortment and variety • • Supply advantages Friendly staff • STORE Clean restrooms • Traveler-friendly “extras”• CSP’s inaugural ranking of Rewards programs • LOYALTY the most effective fuel Social-media presence • BY SAMANTHA brands spotlights a new era OLLER AND of convenience retailing ANGEL ABCEDE HOW TO PLAY Gasoline is one tough sell. ¶ It is purely functional— market efficiency, which OPIS calculates by divid- Fuel variety Use a combination of not fun. It is a necessity—not a choice. It is noxious, ing a brand’s market share by its outlet share. The • buying and pricing toxic and highly flammable. And the typical higher a brand’s market efficiency, the higher its • Adequate number of dispensers buying experience? Being forced to watch your per-store fuel volumes. ¶ While major oil dom- strategies and Bright lighting money disappear gallon by gallon, cent by cent. inates in market share, the Fuels 50 ranking is • retail offers to attract fuel ¶ And despite a short-term goose from low pric- topped by many of the industry’s “new era” re- Well-maintained pumps customers to your site. es, gasoline demand is hardwired to be flat or tail heavyweights: Wawa, QuikTrip, Sheetz and FORECOURT • The brands that diminishing in the long term, thanks to tough RaceTrac. These are private brands that recog- • Competitive prices sell the most gasoline fuel-economy standards and demographic nize and maximize the critical link between the Room to maneuver per location generate the trends.
    [Show full text]
  • FOOT TRAFFIC REPORT for the Fuel & Convenience Retailing Industry
    FOOT TRAFFIC REPORT for the fuel & convenience retailing industry Q1 2018 FOOT TRAFFIC REPORT Q1 2018 GasBuddy and Cuebiq examined more than 32.6 million consumer visits to fuel and convenience retailers between January 1 and March 31, 2018. This data provides actionable insights into consumer behavior and the factors that influence foot traffic. HIGHLIGHTS: New Rankings System This report now separates fuel and convenience brands into four categories based on the number of locations. Brands who received the most foot traffic per station in their respective categories include Ohio-based Speedway (1000+ locations), Washington-based Costco (250 – 999 locations), Kentucky-based Thorntons (50 – 249 locations) and Indiana-based Ricker’s (30 – 49 locations). Better Offerings, Better for Business In the 1000+ location category, four of the top five are convenience brands that emphasize in-store offerings. Speedway captured the top spot in this category following improvements in their fresh food service and putting a bigger emphasis on their loyalty program. Cumberland Farms #1 in Most States Cumberland Farms captures the highest average footfall traffic in six states, all of New England, despite falling short of the Top 10 overall within its category of 250 to 999 locations. Wawa comes in second with five states, including hotly-contested Pennsylvania. Costco and Kroger tie for third place with four states, and Speedway and Pilot tie for fifth place with three each. Hump Day is the Busiest Pump Day Wednesday at 5 p.m. was the busiest time time for fuel and convenience brands, followed by Friday from 4-6 p.m.
    [Show full text]
  • Wikipedia List of Convenience Stores
    List of convenience stores From Wikipedia, the free encyclopedia The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. NOTE: These are not ALL the stores that exist, but a good list for potential investors to research which ones are publicly traded and can research stock charts back to 10 years on Nasdaq.com or other related websites. [edit ] Multinational • 7-Eleven • Circle K [edit ] North America Grouping is by country or united States Census Bureau regional division . [edit ] Canada • Alimentation Couche-Tard • Beckers Milk • Circle K • Couch-Tard • Max • Provi-Soir • Needs Convenience • Hasty Market , operates in Ontario, Canada • 7-Eleven • Quickie ( [1] ) [edit ] Mexico • Oxxo • 7-Eleven • Super City (store) • Extra • 7/24 • Farmacias Guadalajara [edit ] United States • 1st Stop at Phillips 66 gas stations • 7-Eleven • Acme Express gas stations/convenience stores • ampm at ARCO gas stations • Albertsons Express gas stations/convenience stores • Allsup's • AmeriStop Food Mart • A-Plus at Sunoco gas stations • A-Z Mart • Bill's Superette • BreakTime former oneer conoco]] gas stations • Cenex /NuWay • Circle K • CoGo's • Convenient Food Marts • Corner Store at Valero and Diamond Shamrock gas stations • Crunch Time • Cumberland Farms • Dari Mart , based in the Willamette Valley, Oregon Dion's Quik Marts (South Florida and the Florida Keys) • Express Mart • Exxon • Express Lane • ExtraMile at
    [Show full text]
  • IRI COVID-19 Thought Leadership
    Part October COVID-19 The Changing Shape of the CPG Demand Curve 20 2020 POWERING THE FUTURE OF CONVENIENCE RETAIL EXECUTIVE SUMMARY During the COVID-19 pandemic, the convenience channel has been negatively impacted: consumers are opting to shop large format stores and the employed are working from home more, resulting in fewer commutes. Representing $166B of IRI’s $1.1T total tracked sales, convenience represents a valuable channel in CPG retail. For many manufacturers, this channel represents meaningful growth year-over-year. This report provides insight into recovery of the convenience channel and strategies for manufacturers and operators to reinvent and connect with shoppers seeking convenience for success in a post-pandemic world. Road to Recovery for Convenience & Gas • Convenience channel growth is cyclical and tied to macro-economic trends, including gas prices and housing starts. Today, it’s also dependent on pandemic recovery and full consumer mobility. • Some high-growth categories pre-COVID-19 (e.g., salty snacks, pastry/doughnuts) have decelerated as on-the-go occasions eroded. • Beverage alcohol sales have increased dramatically as on-premise consumption remains constricted. Implications for Manufacturers Implications for Retailers • As the channel bounces back, re-evaluate • Adapt and communicate the key value proposition of the channel: assortments (e.g., larger packs, multi-serve packs). convenience. Invest in omnichannel technology for pre-ordering, • Partner with convenience retailers to bring excitement curbside pickup and home delivery. Expand assortment for curbside to your categories; support cross-promotion with pickup and home delivery as consumers shop for more in-home products associated with trip drivers.
    [Show full text]
  • Rogers V. Quiktrip Corporation
    Page 1 230 P.3d 853, 2010 OK 3 (Cite as: 230 P.3d 853) [2] Pretrial Procedure 307A 622 Supreme Court of Oklahoma. 307A Pretrial Procedure Mark ROGERS, Terry O'Rorke and William Wilson, 307AIII Dismissal on behalf of themselves and all others similarly si- 307AIII(B) Involuntary Dismissal tuated, Plaintiffs 307AIII(B)4 Pleading, Defects In, in Gen- v. eral QUIKTRIP CORPORATION, Love's Travel Stops & 307Ak622 k. Insufficiency in general. Country Stores, Inc., and 7-Eleven, L.L.C., Defen- Most Cited Cases dants. Purpose of a motion to dismiss is to test the law No. 106,684. that governs the claim in litigation rather than to ex- Jan. 19, 2010. amine the underlying facts of that claim. As Revised Feb. 4 and March 8, 2010. [3] Pretrial Procedure 307A 624 Background: Customers filed putative class action against fuel sellers urging the latter sold gasoline 307A Pretrial Procedure containing the additive ethanol without disclosing to 307AIII Dismissal customers the ethanol content of the fuel. Sellers filed 307AIII(B) Involuntary Dismissal motion to dismiss. The District Court, Pottawatomie 307AIII(B)4 Pleading, Defects In, in Gen- County, Douglas L. Combs, J., denied the motion. eral Sellers filed writ of certiorari. 307Ak623 Clear and Certain Nature of Insufficiency Holdings: The Supreme Court, Opala, J., held that: 307Ak624 k. Availability of relief (1) trial court had jurisdiction over action; and under any state of facts provable. Most Cited Cases (2) statute governing posting requirements of gasoline additives applied. A motion to dismiss for failure to state a claim upon which relief may be granted will not be sustained Affirmed in part, reversed in part.
    [Show full text]
  • Best Brands Lists.Xlsx
    100 US Best Value Brands, 2016 (over 50 stores) Rank Brand Station Count Price Diff 1 Costco 416 -19.75 2 Quik Stop 80 -17.79 3 Arco 1305 -17.56 4 Fred Meyer 99 -12.88 5 USA Gasoline 264 -11.52 6 BJ's 126 -10.88 7 Sams Club 535 -10.78 8 Food Bag 50 -9.33 9 Smiths 92 -6.58 10 Murphy Usa 1090 -6.11 11 Frys 74 -5.58 12 Murphy Express 229 -5.54 13 King Soopers 54 -5.21 14 QuickChek 52 -5.09 15 Raceway 294 -5.02 16 Kroger 899 -5.00 17 Maverik 272 -4.89 18 Delta 151 -4.84 19 H-E-B 217 -4.72 20 Jet-Pep 105 -4.52 21 E-Z Mart 273 -4.47 22 Kwik Shop 134 -4.45 23 Stop & Shop (Ahold) 106 -4.36 24 Flying J 193 -4.16 25 Pilot 441 -4.12 26 Hess 55 -3.98 27 Racetrac 404 -3.67 28 Corner Store 1055 -3.63 29 Enmark 58 -3.61 30 Flash Foods 168 -3.37 31 Lil Cricket 51 -3.34 32 Wawa 466 -3.30 33 Bucky's Express 70 -3.25 34 Pac Pride 240 -3.21 35 Cumberland 509 -3.12 36 QuikTrip 722 -2.99 37 Circle K 3388 -2.97 38 Mapco Express 267 -2.95 39 Loaf N Jug 166 -2.92 40 Admiral 112 -2.89 41 Timewise Food Store 194 -2.86 42 Safeway 267 -2.78 43 United Dairy Farmers 154 -2.68 44 Flyers 51 -2.67 45 Getty 77 -2.60 46 Turkey Hill 240 -2.51 47 Tom Thumb 107 -2.46 48 Brookshire 67 -2.34 49 Kangaroo 1319 -2.32 50 Speedway 2568 -2.30 100 US Best Value Brands, 2016 (over 50 stores) Rank Brand Station Count Price Diff 51 Thorntons 182 -2.21 52 Loves 341 -2.09 53 Town Pump 96 -2.04 54 Kwik Fill 279 -2.03 55 7-Eleven 3699 -2.02 56 Allsups 310 -1.92 57 FasMart 167 -1.91 58 Caseys 1892 -1.89 59 Flash Market 102 -1.89 60 WilcoHess 128 -1.88 61 Royal Farms 130 -1.83 62 Stripes 615
    [Show full text]
  • Continuing Consolidation Puts More Stores in the Hands of the Biggest C-Store Chains
    Continuing consolidation puts more stores in the hands of the biggest c-store chains By Melissa Kress he latest numbers put the U.S. conve• consolidation movement that has gripped the c-store nience channel store count at nearly industry in recent years and seen the biggest chains 155,000. The majority of the stores are get even bigger. In fact, the top 10 chains account for owned by single-store operators, but the more of the Top 100 this year than they have in the chain retailers on the 2017 Convenience past five years. Store News Top 100 ranking hold a siz• But these numbers also raise a question: Is the con• ablTe amount as well: 63,368 stores to be exact — a venience channel getting too top heavy? number that has grown incrementally over the past Industry merger and acquisition (M&A) experts say five years. no — at least, for now. Things get interesting when you fine-tune the micro• "The convenience store industry could become scope and realize that the top 10 chains, led by 7-Eleven more top heavy. But too top heavy now? No, I don't Inc., account for a whopping 40,725 of those stores. think so," said Ken Shriber, managing director of The top 10, which also includes Alimentation Couche- Petroleum Equity Group in New York. Tard Inc., Shell Oil Co., Marathon Petroleum Corp. and The size of the overall convenience channel cur• Chevron Corp., controls 64.3 percent of the Top 100 rently helps balance out the industry. store count and 26.3 percent of the total U.S.
    [Show full text]
  • Sheetz Puts the Gas in Gastronomy - May
    5/7/13 Sheetz puts the gas in gastronomy - May. 6, 2013 You can access this article because you are logged in as a FORTUNE subscriber. Log out Sheetz puts the gas in gastronomy By Ken Otterbourg @FortuneMagazine May 6, 2013: 8:43 AM ET On Route 322 in Ephrata, Pa., a new Sheetz location tempts drivers with popcorn chicken and fried pickles, 24 hours a day. (Fortune) Behold the convenience store, the place off the highway or just down the road where we unsheathe our lunch from heavy plastic and clutch restroom keys attached to blocks of wood. It is where we shuffle in the morning cold while we gas up the SUV. It is part of our pop culture, from Apu's Quik-E-Mart and the seditious Dante and Randal in Clerks to Chevy Chase telling his son in National Lampoon's Vacation that he is so hungry he could eat a gas-station sandwich. And yet change is afoot. To find it, the best place to go is Altoona, Pa., the home of Sheetz, one of the largest and fastest-growing convenience-store operators in the country, with 440 outlets and annual revenues of $7 billion. The brash and sprawling Sheetz clan is at the leading edge of an effort to remake convenience stores into something tastier and more wholesome, built around prepared food rather than chips, gas, and cigarettes. One indication of the upgrade: Sheetz, the home of the shmuffin and the shmiscuit and the shmagel, was among five winners of the 2012 Golden Chain Award from Nation's Restaurant News, the first time a convenience store made the cut.
    [Show full text]
  • Quiktrip801 IRA E WOODS AVE GRAPEVINE, TX (Dallas/Fort Worth MSA) OFFERING MEMORANDUM LISTED BY
    ™ QuikTrip801 IRA E WOODS AVE GRAPEVINE, TX (Dallas/Fort Worth MSA) OFFERING MEMORANDUM LISTED BY: ANDREW GROSS SENIOR ASSOCIATE DIRECT 214.295.4511 MOBILE 435.659.1404 [email protected] LIC # 01987860 (CA) LEE CORDOVA ASSOCIATE DIRECT 214.692.2191 MOBILE 903.316.9434 [email protected] LIC # 714883 (TX) BROKER OF RECORD KYLE MATTHEWS LIC NO: 9005919 (TX) ™ INVESTMENT HIGHLIGHTS PROPERTY HIGHLIGHTS • Absolute NNN Lease – 6 -year lease with zero landlord responsibilities • Ideal 1031 Exchange Property – Deal offers a potential investor a safe, long-term, hands-off investment • High-Quality Construction – QuikTrip Store upgraded brick construciton with 8 MPD's • Accelerated Depreciation Opportunity - Subject property gives a future landlord the ability to utilize accelerated depreciation to receive significantly higher after-tax cash flow on this property than other net lease investments LOCATION HIGHLIGHTS • Top MSA - 4th Largest MSA Dallas-Fort Worth is the 4th largest MSA with ± 7.4 million people in total. DFW is 4th only behind New York, Chicago, and Los Angeles • Dense Location – Over 120,000 residents within a 5-mile radius with average incomes over $110,000! • ±2 miles from the Dallas Fort Worth International airport, the fourth-largest airport in the U.S., added 28 destinations last year and boasts more domestic destinations than any other airport in the country • ±1 mile from Baylor Scott & White Medical Center - Grapevine 302-bed hospital offers advanced medical services for heart and vascular, women and children,
    [Show full text]