SQRL

Lowest
Cap Rate

6.50%

Lowest cap rate over past 24 months

Average
Cap Rate

7.25%

12 mo avg with 5+ yr lease term

Overview

SQRL properties typically range from 2,500 to 4,000 square feet and are located on 1.0 to 2.0-acre parcels, with most sites including multiple fuel pumps, diesel bays, and canopy-covered areas. Leases are structured as 15- to 20-year absolute NNN, with 7% to 10% rent escalations every 5 years, and are often backed by corporate guarantees from SQRL Holdings, LLC. New locations are being developed aggressively throughout the Southeast, Midwest, and Sunbelt regions.

Average Property & Lease

Average Sale Price	$2,000,000 – $3,500,000
Average NOI	$140,000 – $250,000
Building SF	2,500
Lease Term	Years
Escalations	10% Every 5 Years
Stock Symbol	N/A

CREDIT RATING

S&P	N/A
Moody's	N/A

TENANT DESCRIPTION

SQRL was founded in 2017 and has quickly emerged as one of the fastest-growing privately held gas station and convenience store operators in the United States. Short for “Save Quick Retail Logistics,” SQRL focuses on acquiring and redeveloping underperforming or vacant gas station properties, often in underserved rural or suburban markets. The company’s business model includes branded fuel, convenience retail, and co-located QSR offerings through partnerships and in-house brands.

Founded	2017
Headquarters	Little Rock, AR, U.S.
Number of Locations	350
Revenue	$400 M
Company Website	https://www.sqrlfuel.com
Key Principal	Austin Chandler

SQRL

Lowest Cap Rate

6.50%

Average Cap Rate

7.25%

Overview

Average Property & Lease

CREDIT RATING

S&P

N/A

Moody's

N/A

TENANT DESCRIPTION

PROS

CONS

COMPANY QUICK STATS

Lowest
Cap Rate

Average
Cap Rate