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Auto Service - Gas-Conv

Circle K Sale-Leaseback | Truck Stop | 20-Yr NNN | Bonus Depreciation | 1.5% Bumps/Yr

192 AL-83, Evergreen, AL 36401

Listing Price: $6,545,455

Cap Rate
5.50%
Tenant Name
Circle K
Gross SF
2,150
Guarantor
Franchisee Guarantee
Rentable SF
2,150
Price/Gross SF
$3,044.40
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$167.44

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS Flat topography with strong visibility along Highway 83 Highly strategic truck stop location Immediately located off Interstate-65 Evergreen is strategically located between several major cities Mobile, AL to Montgomery, AL Atlanta, GA to New Orleans, LA Charlotte, NC to Houston, TX Subject property surrounded by three (3) hotels surrounding the subject property Limited nationally branded truck stops along I-65 corridor Multiple points of ingress/egress To be remodeled and rebranded gas/c-store Significant tenant investment Ten (10) unleaded fueling bays with on-site car wash Four (4) diesel lanes with designated canopy Large parcel size of ±12.80 acres OPTIMAL LEASE STRUCTURE Attractive 20-year sale-leaseback Four (4), 5-year renewal options 1.5% rent escalations every year throughout entire lease Triple net (NNN) lease with NO landlord responsibilities Tax advantages with accelerated & bonus depreciation due to fee simple ownership LARGE FRANCHISEE & DOMINANT BRAND Largest Alimentation Couche-Tard franchisee Expanding ±135 unit operator across 6 states (AL, AR, GA, LA, SC, TN) 26+ year operating history Alimentation Couche-Tard is an international brand with 15,000+ locations in 20 countries (corporate)

Investment Highlights

  • Highly strategic truck stop location
  • Large parcel size of ±12.80 acres
  • 1.5% rent escalations every year throughout entire lease

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Auto Service - Gas-Conv

Circle K Sale-Leaseback | Truck Stop | 20-Yr NNN | Bonus Depreciation | 1.5% Bumps/Yr

Listing Price: $6,545,455

Cap Rate
5.50%
Tenant Name
Circle K
Gross SF
2,150
Guarantor
Franchisee Guarantee
Rentable SF
2,150
Price/Gross SF
$3,044.40
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$167.44

Investment Highlights

  • Highly strategic truck stop location
  • Large parcel size of ±12.80 acres
  • 1.5% rent escalations every year throughout entire lease

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS Flat topography with strong visibility along Highway 83 Highly strategic truck stop location Immediately located off Interstate-65 Evergreen is strategically located between several major cities Mobile, AL to Montgomery, AL Atlanta, GA to New Orleans, LA Charlotte, NC to Houston, TX Subject property surrounded by three (3) hotels surrounding the subject property Limited nationally branded truck stops along I-65 corridor Multiple points of ingress/egress To be remodeled and rebranded gas/c-store Significant tenant investment Ten (10) unleaded fueling bays with on-site car wash Four (4) diesel lanes with designated canopy Large parcel size of ±12.80 acres OPTIMAL LEASE STRUCTURE Attractive 20-year sale-leaseback Four (4), 5-year renewal options 1.5% rent escalations every year throughout entire lease Triple net (NNN) lease with NO landlord responsibilities Tax advantages with accelerated & bonus depreciation due to fee simple ownership LARGE FRANCHISEE & DOMINANT BRAND Largest Alimentation Couche-Tard franchisee Expanding ±135 unit operator across 6 states (AL, AR, GA, LA, SC, TN) 26+ year operating history Alimentation Couche-Tard is an international brand with 15,000+ locations in 20 countries (corporate)

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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