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The Official Pit Stop

Circle K Convenience Store Sells for $900K
By Andrea Jennings
April 10, 2002 | 6:20 P.M.

Alan Joel and Clayton Foster of Alan Joel Partners Inc. closed escrow on the Circle K (a wholly owned subsidiary of Phillips Petroleum Co.) convenience store located at 10125 Alcovy Road in Covington, GA. The triple net investment property sold for $900,000, or roughly $242 per square foot. This Circle K is a combination convenience store, restaurant and retail petroleum facility comprising 3,714 square feet. It is leased through May 2015. Larry Smith of Meridian Property Group represented the buyer, Donner Investments. Alan Joel Partners represented the seller, Winder Wesleyan Church.

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