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Views: 171 DOM: 450 Updated: 11.21.24 Posted: 09.29.23 Status: Active

Summary

Price $2,050,000
Built/Renov 2023
Tenant Circle K (GL)
Cap Rate 4.74%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 5,200
Lease Start 10-01-2023
#Units 16,700
Price/SF $394.23
Expiration 10-01-2038
Tenant Type Convenience/Gas
NOI $97,200
R. Term 13.9
Ownership Ground Lease
Rent/SF $18.69
Increases 5.0%/5/yrs
Pop 5Mi 40,113
Lot/AC 1.58
Options 8/5yrs/5%
AHHI 5Mi $90,005

Lease Highlights

  • Brand-new construction with high-quality materials and distinct Circle K design elements
  • Brand-new 15-year lease with 8 (5-year) options to extend
  • Lease features 5% rental increases every 5 years and at the beginning of each option period
  • Absolute NNN ground lease | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Income tax free state

Location Description

Circle K is situated on the northwest corner of Highway 85 N & Old Bethel Rd, with a traffic count of 3100 vehicles. It shares the same intersection with a newly constructed Publix-anchored shopping center, which encourages cross-traffic without any Publix-related use restrictions. The Publix Supermarket at this location is ranked as the top grocer within a 15-mile radius and is in the 87th...

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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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