Circle K is moving forward with plans for another new prototype store, its fourth in the market. In a deal that closed Monday, the convenience store chain acquired a five-acre parcel at the corner of Airline Highway and Highland Road for $420,000 from Giovanni Mucciacciaro Enterprises.
The property is adjacent to an existing Circle K store that the company will demolish to make way for a new, larger prototype location, according to real estate broker Mark Hebert of Kurz & Hebert Commercial Real Estate, who represented both parties in the transaction.
“They just bought additional square footage because they needed a larger site for their new prototype store,” Hebert says.
Circle K did the same thing on Government Street at South Foster Drive, where it is building a new prototype store. Other prototype stores are located on Highland Road and Starring Lane, and in Plaquemine on La. 1.
Circle K’s new prototype stores are larger than the traditional convenience stores, with more gasoline pumps and fresh food items.
—Stephanie Riegel
