Faris Lee Investments recently completed $10.6 million in convenience store with fuel station transactions, including the sale of two newly constructed Murphy USA locations in Miami, FL and Cordele, GA, along with a newly constructed Circle K in Henderson, NV. Scott DeYoung, Senior Managing Director, Jeff Conover, Managing Principal, Greg Lukosky, Director and Hunter Steffien, Senior Director represented three separate sellers—private family offices based in South Carolina, Atlanta, and Dallas.
These transactions reflect a broader conviction among commercial real estate investors: convenience retail, particularly fuel-anchored assets, continues to provide durable income, liquidity, and long-term relevance. At a macro level, investor demand remains driven by the sector’s stability and hybrid revenue model. Fuel and convenience-based retail generate consistent cash flow, often backed by long-term absolute leases with built-in rent escalations.
In an uncertain economic environment, these characteristics position convenience stores as a defensive investment, with cap rates remaining relatively compressed compared to other retail sectors. While transaction volume moderated in parts of 2025, demand has remained steady—albeit more selective—favoring strong operators and well-located sites. While fuel remains central, growth is increasingly driven by in-store retail sales, particularly foodservice. Operators are expanding fresh food, beverage, and prepared meal offerings to enhance margins and increase customer engagement. As a result, convenience stores are increasingly competing with quick-service restaurants and traditional grocery trips, transforming into efficient, small-format retail and food platforms.
This evolution reinforces—rather than replaces—the role of fuel. It remains the primary traffic driver and the foundation of the real estate model, while food and merchandise sales drive incremental profitability. Looking ahead, the investment thesis is becoming clearer: food will grow in importance, but the core model—convenience retail sales anchored by fuel—remains intact. Investors are refining their focus toward modern formats, strong operators, and assets positioned to capture both fuel-driven traffic and food-led growth.
Investment Brokers
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| Scott DeYoung | Jeff Conover | Greg Lukosky | Hunter Steffien |
About Faris Lee Investments:
Faris Lee is a leading national retail investment brokerage firm with 30 years of experience in maximizing value for retail property owners. Guided by core principles of integrity, high level of real estate knowledge, and accountability, the firm is dedicated to delivering exceptional results while maintaining a strong commitment to ethical practices, collaboration, and in-depth real estate knowledge. Faris Lee’s process begins with a deep understanding of each property, followed by the application of market analytics using real-time financial, real estate, and retail data to inform strategic decisions.
By combining cutting-edge research, precise marketing strategies, and a collaborative team approach, Faris Lee maximizes sale proceeds, ensuring clients achieve exceptional results well above the competition. Their team of seasoned professionals brings extensive real estate expertise and a client-focused mindset, ensuring long-term success through creative solutions and unwavering focus for the client.