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Views: 66 DOM: 199 Updated: 04.26.24 Posted: 10.31.23 Status: Active

Summary

Price $5,301,070
Built/Renov 2023
Tenant Circle K
Cap Rate 6.35%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 5,000
Lease Start 12-01-2023
#Units 200
Price/SF $1,060.21
Expiration 12-01-2043
Tenant Type Convenience/Gas
NOI $336,618
R. Term 19.6
Ownership Fee Simple
Rent/SF $67.32
Increases 1.5%/1/yrs
Pop 5Mi 64,080
Lot/AC 3.28
Options 4/5yrs/1.5%
AHHI 5Mi $55,862

Lease Highlights

  • Brand-new construction, opening 2023
  • Tenant will execute a brand new 20-year lease with 4 (5-year) options to renew upon close of escrow
  • Lease features annual 1.5% rent increases
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Gas Express, LLC (200+ units)

Location Description

This brand-new Circle K, equipped with a drive-thru, is conveniently located with direct frontage along Hwy 431 (35,509 VPD), and immediate access to a newly installed 4-way traffic signal. It is positioned at the entrance of The Village at Crosswinds, a 22-acre development anchored by Renfroe’s Market grocery store and supplemented with a 25,000 SF retail center. The subject property benefits...

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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. Founded...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
Martin Luther King Jr Parkway South Gateway Dr 2020 29,985 0.14 mi
Fort Mitchell Road Fort Mitchell Rd 2021 15,148 0.50 mi
Knowles Road 23rd Ct 2021 575 0.68 mi
Knowles Road 5th Pl S 2018 605 0.68 mi
Martin Luther King Jr Parkway South Mlk Jr Pkwy S 2021 33,126 0.73 mi
Martin Luther King Jr Parkway South Mlk Jr Pkwy S 2020 33,126 0.73 mi
Knowles Road 34th Ave S 2018 583 0.79 mi
Old Seal Hwy McCoy Ln 2002 13,370 0.85 mi
Fort Mitchell Road Ferrell Rd 2021 16,378 0.86 mi
South Seale Road Ferrell Rd 2021 1,126 0.97 mi

Listing Broker

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