Circle K

9811 AR-253, Fort Smith, AR 72916

$4,292,000

Cap Rate 6.25%

Views: 75 DOM: 212 Updated: 05.06.24 Posted: 10.18.23 Status: Active

Summary

Price $4,292,000	Built/Renov 2023	Tenant Circle K
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,600	Lease Start 10-04-2023	#Units 200
Price/SF $1,192.22	Expiration 09-30-2043	Tenant Type Convenience/Gas
NOI $268,277	R. Term 19.4	Ownership Fee Simple
Rent/SF $74.52	Increases 10.0%/5/yrs	Pop 5Mi 40,972
Lot/AC 1.00	Options 4/5yrs/10%	AHHI 5Mi $93,455

Lease Highlights

Brand-new, state-of-the-art construction
Tenant recently signed a new 20-year lease with 4 (5-year) options to extend
The lease features rent increases of 10% every 5 years
Absolute NNN | Zero landlord responsibilities
Strong operator and guarantor | Gas Express, LLC is the largest Circle K franchisees in the country with 113 Circle K locations (with another 20 set to open by year-end) and 200+ units across all brands

Location Description

The Circle K location benefits from its strategic positioning with excellent access and visibility from both I-540 and Highway 253, which has a daily traffic count of 40,000 vehicles. The subject property is conveniently located just a little over half-a-mile away from Choctaw Casino & Resort-Pocola. Additionally, it is less than a mile from the recently developed ACHE Research Institute...

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Key Features

New construction
Freeway visibility
Affluent suburb location
Major MSA
Brand new lease
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Traded and rated company
Top franchise operator

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Links

Circle K Wikipedia Circle K Wikipedia Fort Smith, Arkansas Zip Code 72916 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Circle K
Guarantor:Franchisee
Company:Gas Express, LLC
# Units:200
Tenant S&P: BBB
Moody’s: Baa2
Stock: TSE: ATD

About Tenant

Circle K Stores, Inc. is an international chain of convenience stores, and the largest independent convenience store operator in the U.S. in terms of the number of company-operated stores. Founded...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	4,451	19,007	40,925
2023 Total Population :	4,506	19,172	40,972
2023 Employed Civilian Pop :	2,258	9,227	19,823
2023 Total Businesses :	70	875	1,864
2023 Average Household Income :	$ 114,492	$ 90,833	$ 93,455
2023 Total Consumer Spending :	$ 171 M	$ 614 M	$ 1408 M
2023 Median Age :	41	40	41
2023 Total Households :	1,759	7,834	17,363
2023 Pop Age 25+: Bachelor's Degree :	867	2,662	5,938
2023 Average Home Value :	$ 237,568	$ 200,621	$ 222,268

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
AR 253	Rabbit Run Rd	2021	10,000	0.09 mi
540	Hwy 271	2021	5,200	0.09 mi
US 271	Hwy 253	2021	1,300	0.10 mi
US 271	Hwy 253	2021	1,200	0.11 mi
540	Hwy 271	2021	6,000	0.21 mi
AR 253	Fianna Way	2021	8,500	0.46 mi
US 271	Quebec Dr	2021	12,000	0.55 mi
I- 540	Jenny Lind Ave	2017	28,000	0.57 mi
I 540;US 271	Hwy 253	2021	20,000	0.62 mi
I 540	Fianna Place Ter	2021	27,000	0.65 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

156 Listings
6797 Views
10 Sold

Calvin Short

Berkeley Capital Advisors

Contact

163 Listings
7145 Views
11 Sold

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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