SQRL Tenant Overview


  • Fee simple ownership - accelerated depreciation is available
  • Corner locations
  • Essential retail


  • Not credit rated
  • New concept and low brand recognition
  • Privately owned

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.

Average Cap Rate
Trailing 12-month average
Average Property & Lease
Average Sale Price $2,261,574
NOI $156,733
$/Square Foot $821 - $1,201
Building SF 3,335 SF
Lot Size .05 Acres
Lease Term 15-20 Years
Escalations 1-2% Annually
Stock Symbol N/A
Credit Rating
Moody's N/A
Average Cap Rate Trend
Rates reflect year-over-year comparison
Recent Sales Comps
Jacksonville, FL 6.11%
Leesburg, FL 6.86%
Topeka, KS 7.00%