SQRL Tenant Overview

Tenant Description

Established in 2013 with a mission to revolutionize the convenience store (c-store) industry, SQRL Fuels operates under the SQRL Holdings brand and is making its mark. Headquartered in Little Rock, Arkansas, they now have over 500 locations throughout the United States, primarily in the south. The owner, Joseph Blake Smith, is tactically buying up old, rundown establishments and transforming them into thriving eco-friendly c-store businesses. SQRL is focused on sustainable, environmentally friendly buildings and products, all delivered with a "Chick-fil-A" approach to service.

Falling in line with typical long-term fee simple 20-year leases, SQRL locations are corporately backed by SQRL Holdings. They seem to be buying up existing, well-located c-stores and renovating to the new national SQRL brand. Investors are seemingly attracted to these assets as they offer a higher cap rate than the more well-known brands, with 1-2% annual escalations built into the lease. They are a fast-growing tenant, with a national presence.

SQRL plans to revolutionize the c-store industry through laser-precision tactical service models. Their focus on sustainability and the use of environmentally friendly building materials can be observed in their projects. The inclusion of solar panels provides a sustainable way to power the location and supply excess energy to the community. They are building a reputation of having clean, well-lit and safe places to fuel up and grab a bite to eat.

They take pride in serving communities across the country with top-quality gas and exceptional customer service. With locations in all over the U.S., they remain dedicated to delivering a superior fueling experience to drivers everywhere. SQRL is here to keep you moving with their premium gasoline and convenient locations.