Circle K acquires more property at Highland & Staring for a New Prototype Store

Circle K, which owns and operates the Exxon gas station at the northwest corner of Highland Road and Staring Lane, recently acquired a portion of the adjoining shopping center to expand for a new prototype location. Circle K closed on the 23,000-square-foot site on Oct. 1 from Starring Retail LLC for $694,000, or just over $30 per square foot. The site includes a 6,000-square-foot retail building that will be razed—along with the existing gas station—to make way for a new 4,000-square-foot convenience store. The sale was brokered by Mark Hebert at Kurz & Hebert Commercial Real Estate. “The corner site is prime for a retail convenience store,” says Hebert. “The deal took about 18 months to close, but Circle K recognized the high traffic counts and surrounding residential development, and knew this would be an excellent location for a new modern store.” Circle K will begin clearing the site to construct a new store in the next few months.