BP / AMOCO NNN cap rate analysis. BP plc rated A-/A2. ~7,300 US branded sites, 5.0-6.5% cap rates, 10-20 year NNN and ground leases. Q1 2026 investor guide.

Metric Value Parent Company Alimentation Couche-Tard Inc. Credit Ratings S&P: BBB+ / Moody’s: Baa1 Sector Convenience/Gas US Locations 7,000 Cap Rate Range 5.5% – 6.5% Lease Term 15 years Guarantee Type Corporate (Couche-Tard) Ticker ATD (TSX) Revenue $60.0 billion (FY2025, parent) Price Range $1.5M – $3.5M Circle K Business Overview & NNN Investment Profile Circle…

S&P Rating BB+ Moody’s Rating Ba1 IG Status Non-Investment Grade / High Yield US Locations 1,300 Annual Revenue $23.0B Cap Rate Range 5.75% – 6.75% Typical Lease Term 15 years Property Size 2500-4000 SF Lot Size 1.0-2.0 acres Price Range $1.2M – $2.8M Business Overview Sunoco is a leading operator in the Convenience/Gas sector with…

Metric Value Parent Company Sheetz, Inc. Credit Ratings Not Rated (Private Company) Sector Convenience/Gas US Locations 700 Cap Rate Range 5.25% – 6.25% Lease Term 20 years Guarantee Type Corporate Ticker Private Revenue $12.0 billion (Estimated) Price Range $2.5M – $5.5M Sheetz Business Overview & NNN Investment Profile Sheetz, Inc. operates approximately 700 convenience store…

Metric Value Parent Company Wawa, Inc. Credit Ratings Not Rated (Private Company) Sector Convenience/Gas US Locations 1,100 Cap Rate Range 4.9% – 5.2% Lease Term 20 years Guarantee Type Corporate Ticker Private Revenue $18.0 billion (Est FY2024) Price Range $3.0M – $7.0M Wawa Business Overview & NNN Investment Profile Wawa, Inc. operates approximately 1,100 convenience…

S&P Rating NR (Private) Moody’s Rating NR (Private) IG Status Investment Grade Tenant US Locations 1,000 Annual Revenue $15.0B Cap Rate Range 5.0% – 6.0% Typical Lease Term 20 years Property Size 4000-5500 SF Lot Size 1.5-2.5 acres Price Range $2.5M – $5.5M Business Overview QuikTrip is a leading operator in the Convenience/Gas sector with…

S&P Rating BBB+ Moody’s Rating Baa2 IG Status Investment Grade Tenant US Locations 1,700 Annual Revenue $20.8B Cap Rate Range 5.5% – 6.5% Typical Lease Term 15 years Property Size 1400-2800 SF Lot Size 1.0-2.0 acres Price Range $1.5M – $3.5M Business Overview Murphy USA is a leading operator in the Convenience/Gas sector with significant…

Metric Value Parent Company Casey’s General Stores, Inc. Credit Ratings S&P: BBB‑ / Moody’s: Baa3 Sector Convenience/Gas US Locations 2,800 Cap Rate Range 5.25% – 6.25% Lease Term 15 years Guarantee Type Corporate Ticker CASY (NASDAQ) Revenue $16.0 billion (FY2025) Price Range $1.5M – $3.5M Casey’s General Stores Business Overview & NNN Investment Profile Casey’s…

Creditworthiness & Financial Strength 7-Eleven stands as a formidable player in the convenience store sector with strong financial backing from its parent company, Seven & i Holdings Co., Ltd. The company maintains impressive credit ratings that reflect its financial stability and market dominance. Standard & Poor’s rates 7-Eleven with an ‘A’ long-term credit rating, while…