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Lease Guarantor

PROPERTY/LOT
IMMEDIATE LOCATION
AREA LOCATION
TENANT ATTRIBUTES
INVESTMENT/GUARANTOR
DOM: 17 Updated: 07.29.25 Posted: 07.29.25 Status: Active     07.29.25

Summary

Price $3,125,000
Built/Renov 2000
Tenant Circle K
Cap Rate 5.60%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,047
Lease Start 09-01-2005
#Units 16,700
Price/SF $772.18
Expiration 08-31-2035
Tenant Type Convenience/Gas
NOI $175,000
R. Term 10.0
Ownership Fee Simple
Rent/SF $43.24
Increases 0.0%/0/yrs
Pop 5Mi 82,000
Lot/AC 1.51
Options 2/5yrs/7.5%
AHHI 5Mi $143,341

Highlights

  • Brand-new 10-year lease extension
  • The tenant has four (4) five-year and two (2) ten-year renewal options
  • Lease features 7.5% rent increases every 5 years and fair market value adjustments in the last two options
  • Absolute NNN lease with zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Circle K is strategically located at the signalized hard-corner intersection of Furys Ferry Road and Mullikin Road, with combined traffic counts of approximately 17,600 vehicles per day, in Evans, Georgia, part of the Augusta Metropolitan Statistical Area. The property is just 2 miles from Evans Towne Center, the city’s primary shopping hub anchored by Target, Publix, Walmart, and Home Depot....

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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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