Canada's Alimentation Couche-Tard, owner of Circle K convenience stores, has said that it wants to acquire all remaining shares of Seven & I Holdings, which runs 7-Eleven internationally. The question is what regulators in multiple countries might make of it and how that could impact any potential deal and net lease property owners in the U.S.

Couche-Tard has been on an acquisition spree. The company announced on Monday that it had submitted a "friendly, non-binding proposal" to Seven & I to reach a "mutually agreeable transaction that benefits both companies' customers, employees, franchisees and shareholders." It also reached a definitive deal to acquire the approximately 270 retail and fueling U.S. GetGo Café +Markets from supermarket retailer Giant Eagle.

But there's nothing definite about a deal between Couche-Tard and Seven & I Holdings just yet. Seven & I has approximately 85,000 stores — including 7-Eleven stores and Speedway gas stations in the U.S. in 19 countries and regions reaching about 59.9 million people daily, according to company filings. Couche-Tard claims a total network of 16,740 locations.