| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
- |
| Employees |
121 |
| Revenues (TTM) (Millions $) |
1,327 |
| Net Income (TTM) (Millions $) |
261 |
| Cash Flow (TTM) (Millions $) |
140 |
| Capital Exp. (TTM) (Millions $) |
1,016 |
Business Description
Store Capital LLC is a real estate investment trust (REIT) company that specializes in single-tenant operational real estate (STORE) properties. These properties include retail, service, and distribution facilities that are essential to the daily operations of businesses across various industries.
The company was founded in 2011 by Christopher Volk, who is currently the CEO, and Michael Zieg, who is the companyes President and Chief Operating Officer. Store Capital LLC is headquartered in Scottsdale, Arizona, and has over 600 employees who manage the company's portfolio of properties across the United States.
The company's business model is to acquire real estate assets through sale-leaseback transactions that generate long-term, triple-net leases with tenants. This approach has enabled the company to build a diversified portfolio of properties with a high occupancy rate, generating stable and consistent cash flow.
As of June 30, 2021, Store Capital LLC owns over 2,700 properties spread across 49 states in the U.S. The properties cover a variety of industries, including restaurants, car dealerships, health care facilities, convenience stores, movie theaters, and manufacturing facilities. The company's tenants include a mix of national and regional brands, such as Ashley HomeStore, AMC Theatres, Applebee's, Berkshire Hathaway Automotive, and Golden Corral, among others.
One unique aspect of Store Capital LLC's business model is the emphasis it places on building strong relationships with its tenants. The company's management team regularly engages with its tenants to understand their business needs, which helps them tailor their real estate solutions to their specific needs. This approach has helped Store Capital LLC establish a reputation as a reliable and trustworthy partner for businesses across various industries.
In addition to its core business of owning and leasing real estate assets, Store Capital LLC also provides financing solutions to businesses, primarily through its wholly-owned subsidiary, Kayne Anderson Real Estate Advisors. This strategic move has allowed the company to diversify its revenue streams and expand its market reach beyond just real estate.
Overall, Store Capital LLC is a well-regarded REIT company with a strong portfolio of properties, a diverse tenant base, and a customer-centric approach to doing business. Its emphasis on building long-term relationships with tenants has helped it establish a strong reputation in the market, making it a go-to partner for businesses looking for reliable and customized real estate solutions.
Company Address: 8377 East Hartford Drive Scottsdale 85255 AZ
Company Phone Number: 256-1100 Stock Exchange / Ticker: STOR
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