QuikTrip - Tenant Overview


January 25, 2024


Tenant Description

QuikTrip, founded in 1958 in Tulsa, Oklahoma, has established itself as a leading convenience store chain, with its recent opening of the 900th store marking a significant milestone in its 63-year history. The privately-owned company, started by Burt Holmes and Chester Cadieux, has expanded across 11 states, demonstrating an impressive trajectory of growth and stability in the convenience retail industry.

At the heart of QuikTrip's success is its wide array of products and services. The stores offer a diverse selection of food, beverages, and convenience items, alongside gasoline. QuikTrip is particularly renowned for its fresh, made-to-order food offerings and clean, well-maintained store environments, factors that have helped cultivate a loyal customer base.

The company's commitment to employee welfare sets it apart in the retail sector. QuikTrip places a high value on its workforce, offering competitive wages and comprehensive training, which translates into exceptional customer service. This focus on human capital is a key component of QuikTrip's business model and brand reputation.

QuikTrip's growth strategy includes continuous expansion while maintaining high standards of quality and service. This approach has enabled the company to steadily increase its footprint, all while ensuring that each new store aligns with its core values and customer expectations.

Financially robust, QuikTrip's consistent performance and strategic growth initiatives position it as a highly attractive tenant in the commercial real estate market. The company's blend of quality service, employee focus, and financial stability make it a desirable and dependable option for real estate investors and landlords.

Average Asking Cap Rate


3 mo avg (46 properties)

Typical Investment/Lease

Average Sale Price




$/Square Foot

$800 - $1,200

Building SF

4,500 - 5,500

Approx. Store Count


Lease Term

15 Years


Flat Initial Term

Stock Symbol


Credit Quality



Average Asking Cap Rate Trend





Reflect only properties with long-term lease.

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