Circle K Corp. Fuel Center / C-Store

Highlights:

• 100% PASSIVE ABSOLUTE NNN LEASE NNN STRUCTURE This investment offers a true Absolute Triple-Net (NNN) lease, providing the most passive income structure available. With no landlord responsibilities for property taxes, insurance, or maintenance, all operating costs are fully borne by the tenant, ensuring a hassle-free and hands-off investment experience.
• DUAL STRONG CORPORATE GUARANTEES The lease is secured by Circle K Corporation, a wholly owned subsidiary of Alimentation Couche-Tard, a publicly traded global leader in convenience retail, with an S&P: BBB and Moody’s: Baa2 investment-grade credit rating. Additionally, there is overlapping and redundant lease security provided by Evergreen Energy LLC, a growing regional fuel operator—offering a strong dual-guarantee structure and enhanced credit backing.
• SCHEDULED RENT INCREASES Built-in rental escalations of up to 10% every five years providing long-term income growth and a hedge against inflation, supporting enhanced yield over the life of the lease.
• LONG TERM GUARANTEED LEASE The investor is guaranteed a minimum base lease term of 16 years assuring steady and reliable cash flow from strong corporate tenants.
• STRATEGIC REGIONAL TRANSPORTATION HUB The centralized location of the Circle K Umatilla links eastern Washington State and the growing Tri-Cities area (30 mi. north) and the primary Oregon east-west corridor of Interstate 84 servicing Portland, Bend and all of Eastern Oregon to Boise, Idaho. The site serves as a key fuel stop along Oregon’s primary east-west freight and travel corridor.
• INVESTMENT GRADE BRAND WITH STRONG MARKET POSITION Leased to Circle K, a globally recognized and trusted brand in fuel and convenience retail, the property benefits from the operational strength, reliability, and national footprint of a top-tier credit tenant

Description:

Linc Properties is pleased to present the exclusive opportunity to acquire a high-volume Circle K fuel and convenience center including a Subway located at the strategic hub of an essential regional transportation corridor for Washington, Oregon, Idaho and Montana.

The investment is secured by an Absolute Triple-Net (NNN) lease with zero landlord responsibilities, backed by a 16-year guaranteed base term. The lease is reinforced by two strong overlapping corporate guarantees from both Circle K Corporation, one of the world’s leading convenience retail brands, and Evergreen Energy LLC, a proven fuel operator with a growing regional presence.

The site is directly across from Oregon’s Port of Entry and weigh station, a mandatory stop for all commercial truck traffic entering from Washington, generating a consistent, built-in stream of fuel demand. The interchange experiences over 12,000 vehicles per day, including a significant volume of commercial freight and agricultural transport moving between key regional markets.

Interstate 82 serves as a vital north-south connector, linking eastern Washington State and the growing Tri-Cities area (30 mi. north) and the primary Oregon east-west corridor of Interstate 84 servicing Portland, Bend and all of Eastern Oregon to Boise, Idaho. The property’s placement within this network ensures it captures traffic from both long-haul interstate trucking routes, regional distribution flows and general consumer travel supporting sustained high-volume fuel sales and convenience retail activity.

This offering represents a rare opportunity to acquire a mission-critical fueling infrastructure asset with strong tenant credit, passive income structure, and exceptional long-term stability in a high-traffic logistics corridor.

Documents: