LAVAL, Quebec — Alimentation Couche-Tard Inc., the parent company of Circle K, plans to sell 36 convenience store sites across 14 U.S. states as part of its ongoing effort to streamline its retail network.
According to the company, the locations “no longer fit with Couche-Tard’s brand and market strategy.” Of the stores, 20 are owned and 16 are leased. Advisory firm NRC Realty & Capital Advisors LLC has been engaged to coordinate and manage the sale process.
The NRC stated that the stores vary in size, with some reaching up to 4,000 square feet and an average lot size of 25,000 square feet. Twenty-three sites sell fuel, while the rest are convenience stores only.
“There are multiple stores in Arizona, Florida, Illinois, Indiana, Montana, North Carolina, Ohio, Pennsylvania and Texas, with single stores in Alabama, California, Michigan, Tennessee and Virginia,” said Evan Gladstone, NRC’s executive managing director. “We have some good sites in this offering which will be of interest to individual operators and smaller companies.”
The properties are being offered without a fuel supply or Circle K branding, allowing flexibility for potential buyers. The bid deadline is December 4. Interested parties can find more information at www.nrc.com/2514.
A Couche-Tard spokesperson noted that the company “routinely evaluates its real estate portfolio as part of efforts to optimize the store network.”
The move follows Couche-Tard’s integration of the 270 GetGo Café + Market stores it acquired earlier this year, bringing its U.S. footprint to roughly 7,300 Circle K locations. This marks the fourth major NRC-managed sale of Circle K stores in five years, following a 2023 portfolio sale of 68 sites across 21 states.
Couche-Tard operates in 31 countries and territories with more than 16,800 stores globally, about 13,100 of which sell road transportation fuel.
