Kum & Go
Interested in selling your Kum & Go NNN property or Kum & Go ground lease property and wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market Kum & Go NNN property for sale or Kum & Go ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Kum & Go NNN property or the inclusion of a Kum & Go ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Kum & Go properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of 2023, Kum & Go operated approximately 400 convenience stores across 13 states, primarily in the Midwest and Mountain regions of the United States, including Iowa, Colorado, Missouri, Oklahoma, and Arkansas.
Revenue and income
Prior to its acquisition, Kum & Go generated an estimated $5 billion in annual revenue. As a privately held company, detailed net income figures were not publicly disclosed.
Future plans
In 2023, Kum & Go was acquired by Maverik, a large convenience store chain based in Utah. Following the acquisition, plans include brand integration, store remodels, and expansion under the Maverik platform, while maintaining strong regional operations during the transition period.
Corporate vs. franchise
Kum & Go stores were 100% corporate-owned. The company did not offer franchising, retaining full operational control over store locations, branding, and management.
Additional information — Kum & Go Properties
Kum & Go was founded in 1959 in Hampton, Iowa, originally operating under the name Ham’s.
The name “Kum & Go” was adopted in 1975, reflecting a convenience-driven retail concept.
The brand is known for its clean stores, fresh food offerings, and emphasis on customer service, as well as progressive workplace policies.
Kum & Go was privately owned by the Krause Group and headquartered in Des Moines, Iowa prior to its acquisition by Maverik.
Kum & Go History
Kum & Go was founded in 1959 in Hampton, Iowa, by William A. Krause and Jim Hammes as a single convenience store operating under the name Ham’s. Over time, the business expanded and rebranded as Kum & Go in 1975 to emphasize speed and convenience. The company grew steadily across the Midwest and Mountain regions, building a reputation for clean stores, fresh food options, and a strong customer-first culture. In 2023, Kum & Go was acquired by Maverik, marking a new chapter focused on integration and continued growth while maintaining its regional presence and service standards.
Why Invest in Ground Lease and NNN Lease of Kum & Go?
Investing in Kum & Go’s ground lease and triple net (NNN) lease properties offers several attractive advantages:
1) Kum & Go NNN Property Investment: Stable income
Kum & Go operates a large network of convenience stores with fuel sales, generating consistent revenue that supports reliable, long-term rental income under ground and NNN lease structures.
2) Kum & Go NNN Property Investment: Established tenant
With decades of operating history and a strong presence across the Midwest and Western United States, Kum & Go represents a seasoned tenant with reduced risk of vacancy or lease default.
3) Kum & Go NNN Property Investment: Low management responsibility
Under ground and NNN leases, Kum & Go typically assumes responsibility for property taxes, insurance, and maintenance, allowing landlords to enjoy largely passive ownership.
4) Kum & Go NNN Property Investment: Favorable lease terms
Leases are commonly structured with long initial terms and periodic rent escalations, offering predictable income growth and protection against inflation.
5) Kum & Go NNN Property Investment: Real estate value
Kum & Go locations are often positioned at high-traffic intersections and commuter corridors, which can enhance underlying land value and provide potential long-term appreciation.
Pros and Cons of Kum & Go Ground Lease and NNN Lease Investment
Pros:
Kum & Go provides stable income due to its long-standing presence and reliable performance in the convenience store industry.
The established brand and operating history help reduce vacancy and lease default risk.
Ground lease and NNN structures require minimal landlord involvement, as the tenant handles taxes, insurance, and maintenance.
Long-term leases with rent escalations offer predictable cash flow and potential income growth.
Cons:
There is a lease renewal risk once the initial lease term expires.
Investment performance depends on Kum & Go’s continued operational and financial success.
Competition within the convenience store and fuel retail sector can impact store performance.
Landlords have limited control over property decisions during the lease term.
Broader economic, fuel price, and real estate market risks can affect long-term returns.
As with any net lease investment, thorough due diligence on location quality, lease structure, tenant financial strength, and market conditions is essential. Consulting with experienced real estate and financial professionals can help ensure alignment with your investment objectives and risk tolerance.