Views: 0 DOM: 73 Updated: 11.28.23 Posted: 09.29.23 Status: Active


Price $2,209,000
Built/Renov 2023
Tenant Circle K (GL)
Cap Rate 4.40%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 5,200
Lease Start 10-01-2023
#Units 14,332
Price/SF $424.81
Expiration 10-01-2038
Tenant Type Convenience/Gas
NOI $97,200
R. Term 14.9
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
  • Tenant will sign a 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...



  • 1 Mile
  • 3 Miles
  • 5 Miles


  • Tenant: Circle K
  • Guarantor:Corp T and Rated
  • Company:Circle K Stores Inc.
  • # Units:14,332
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock:TSE: ATD

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...


Listing Broker

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




my activity