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Views: 48 DOM: 71 Updated: 11.07.24 Posted: 09.11.24 Status: Active

Summary

Price $4,737,000
Built/Renov 2024
Tenant Circle K (GL)
Cap Rate 4.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 5,200
Lease Start 12-01-2024
#Units 16,700
Price/SF $910.96
Expiration 11-30-2039
Tenant Type Convenience/Gas
NOI $225,000
R. Term 15.0
Ownership Ground Lease
Rent/SF $43.27
Increases 5.0%/5/yrs
Pop 5Mi 71,965
Lot/AC 4.31
Options 7/5yrs/5%
AHHI 5Mi $91,737

Lease Highlights

  • Brand new 2024 construction
  • New 15-year ground lease with 7 (5-year) options to extend
  • The lease features 5% rental increases every 5 years 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 at the signalized, hard corner intersection of South County Line Road and Drane Field Road, with access to a combined daily traffic count of 31,200 vehicles. The property is situated in a dense industrial corridor, with nearby tenants including T.J. Maxx Distribution, The Home Depot Distribution, Inmar Intelligence, McCraney, Plastipak, Motion, and more. It is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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....


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Listing Broker

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