loader
Join Free
Views: 36 DOM: 43 Updated: 11.08.24 Posted: 10.11.24 Status: Contract 11.20.24

Summary

Price $4,271,000
Built/Renov 2023
Tenant Circle K
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,600
Lease Start 03-03-2023
#Units 200
Price/SF $1,186.39
Expiration 06-01-2043
Tenant Type Convenience/Gas
NOI $256,273
R. Term 18.6
Ownership Fee Simple
Rent/SF $71.19
Increases 10.0%/5/yrs
Pop 5Mi 127,611
Lot/AC 1.00
Options 4/5yrs/10%
AHHI 5Mi $71,994

Lease Highlights

  • New 2023 construction
  • Circle K has 18+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Property qualifies for 60 percent year one bonus depreciation or 15-yr accelerated deprecation per IRS 1250 Property Designation
  • Tenant is the largest Circle K franchisee in the U.S. with 200+ locations

Location Description

Circle K is strategically located at the signalized, hard corner intersection of Pike Avenue and W 16th Street, with access to a combined daily traffic count of 21,000 vehicles. This site features 8 fueling stations (4 pumps), making it a key convenience stop for travelers and locals alike. Situated just three miles north of downtown Little Rock, the site enjoys a central position within the...

...

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. Founded...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,532 62,012 126,491
2023 Total Population : 7,314 61,243 126,103
2023 Employed Civilian Pop : 3,010 30,320 60,678
2023 Total Businesses : 416 4,704 8,316
2023 Average Household Income : $ 47,587 $ 77,209 $ 80,403
2023 Total Consumer Spending : $ 154 M $ 2044 M $ 4115 M
2023 Median Age : 38 39 40
2023 Total Households : 3,638 30,293 58,793
2023 Pop Age 25+: Bachelor's Degree : 768 10,228 21,221
2023 Average Home Value : $ 177,293 $ 284,025 $ 262,120
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
365 W 17th St 2020 20,000 0.07 mi
AR 365 W 17th St 2021 18,000 0.07 mi
Pike Ave W Short 17th St 2017 19,000 0.14 mi
Pike Ave W 13th St 2017 18,000 0.29 mi
AR 365 W 10th St 2021 17,000 0.41 mi
Pike Avenue W 10th St 2018 18,000 0.41 mi
West 22nd Street Marion St 2018 870 0.44 mi
W22NDST Marion St 2021 900 0.44 mi
Percy Machin Drive W 19th St 2021 4,000 0.44 mi
West 18th Street Flora St 2021 1,400 0.47 mi

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