QuikTrip
Employee/family-owned, unrated, and widely viewed as one of the strongest private c-store operators; passed 1,200 stores in 2026 and plans 80+ openings per year. QT mostly owns its stores, so leased sites are relatively scarce.
- US units
- 1,202
- Jul 2026 (approx.)
- 3Y net growth
- +20.2%
- vs. 2022 (approx.)
- Credit rating
- NR
- No public rating
- Typical term
- 15-20 yr
- Ground lease (absolute)
- Model
- Corporate
- Private
Unit count
QuikTrip in the news
All news →No tagged headlines in the last three weeks.
QuikTrip net lease FAQ
What is QuikTrip's credit rating?
QuikTrip does not carry a public S&P issuer credit rating (NR). Landlords underwrite it on unit-level performance, the guarantor named in the lease and, for public companies, reported financials.
How many QuikTrip locations are there in the US?
QuikTrip reported about 1,202 US locations as of Jul 2026 (approx.). That is +20.2% versus 1,000 in 2022 (approx.).
What does a typical QuikTrip net lease look like?
Lease type: Ground lease (absolute). Initial term: 15-20 yr. Rent increases: ~10% every 5 yr. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is QuikTrip corporate or franchised?
Operating model: Corporate. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.