Circle K is a one-stop-shop convenience store who also offers gas at a number of their 9,500+ location in 48 states. Circle K is a highly sought after investment property because of their passive NNN leases and attractive rent escalations. Generally, the lease terms are 15-20 years with escalations varying from 5%-10% every 5 years. Real estate locations are always situated on highly trafficked areas such as busy intersections and highways.