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Views: 109 DOM: 217 Updated: 04.28.24 Posted: 10.13.23 Status: Active

Summary

Price $9,000,000
Built/Renov 2022
Tenant Circle K (GL)
Cap Rate 4.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 13,800
Lease Start 04-01-2024
#Units 138
Price/SF $652.17
Expiration 03-31-2049
Tenant Type Convenience/Gas
NOI $405,000
R. Term 24.10
Ownership Ground Lease
Rent/SF $29.35
Increases 1.3%/1/yrs
Pop 5Mi 202,692
Lot/AC 2.08
Options 10/5yrs/1.25%
AHHI 5Mi $138,925

Lease Highlights

  • New 2022 construction
  • Circle K will be signing a brand-new 25-year lease with 10 (5-year) options to extend at the close of escrow
  • Lease features 1.25% rental increases annually
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Amazing Energy Solutions

Location Description

This Circle K is strategically located at the signalized, hard corner intersection of Westside Parkway and Encore Parkway seeing 13,805 vehicles per day. The 13,800 square foot site features a restaurant with a patio and two retail office spaces on 2.08 acres. The site benefits from its location within a dense residential area providing a direct consumer base for the site to draw from....

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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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,773 75,232 194,555
2023 Total Population : 5,364 75,226 195,668
2023 Employed Civilian Pop : 2,819 40,813 104,959
2023 Total Businesses : 857 6,316 11,010
2023 Average Household Income : $ 123,268 $ 154,556 $ 160,829
2023 Total Consumer Spending : $ 277 M $ 4036 M $ 10526 M
2023 Median Age : 36 37 39
2023 Total Households : 2,581 30,602 77,107
2023 Pop Age 25+: Bachelor's Degree : 1,070 20,591 55,716
2023 Average Home Value : $ 360,316 $ 473,473 $ 507,843
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Westside Parkway Encore Pkwy 2021 9,920 0.05 mi
Westside Parkway 2019 14,000 0.05 mi
Westside Pkwy Encore Pkwy 2013 12,180 0.09 mi
Turner McDonald Pkwy Center Bridge Rd 2010 14,480 0.49 mi
Sanctuary Pkwy 2021 7,080 0.50 mi
Mansell Rd 2021 6,940 0.52 mi
Old Roswell Rd Sanctuary Pkwy 2014 11,059 0.68 mi
Westside Pkwy Morrison Pkwy 2004 17,540 0.70 mi
Old Roswell Rd Hembree Rd 2002 3,481 0.71 mi
Mansell Road Jardin Ct 2019 19,100 0.77 mi

Listing Broker

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