loader
Join Free
Views: 161 DOM: 171 Updated: 11.25.24 Posted: 07.04.24 Status: Active

Summary

Price $2,990,400
Built/Renov 2024
Tenant Circle K (GL)
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,666
Lease Start 05-01-2024
#Units 16,700
Price/SF $815.71
Expiration 04-30-2039
Tenant Type Convenience/Gas
NOI $156,996
R. Term 14.4
Ownership Ground Lease
Rent/SF $42.82
Increases 5.0%/5/yrs
Pop 5Mi 93,701
Lot/AC 1.50
Options 7/5yrs/5%
AHHI 5Mi $80,109

Lease Highlights

  • Brand new 2024 construction
  • Circle K recently executed a brand new 15-year ground lease with 7 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Circle K is strategically located on Chatham Parkway, with access to 17,400 vehicles passing by daily. The property is situated directly off Interstate 16, which has 67,300 VPD), providing direct on/off ramp access. There are six car dealerships within a 1-mile radius, enhancing the site's visibility and accessibility with multiple points of ingress/egress. The property is near Savannah’s...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Circle K
  • Guarantor:Corp T and Rated
  • Company:Alimentation Couche-Tard
  • # Units:16,700
  • Tenant S&P: BBB+
  • Moody’s: Baa1
  • Stock: TSX: 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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity