Skip to main content

Auto Service - Gas-Conv

Circle K Ground Lease (Corp.)

SEC of County Line Road & Livingston Ave., Lutz, FL 33549

Listing Price: $3,500,000

Cap Rate
4.00%
Tenant Name
Circle K
Years Remaining On Lease
20.2
Guarantor
Corporate Guarantee
Rentable SF
4,625
Lease Type
Gross Lease
Rent Per Square Feet
$30.27

Investment Overview

FUNDAMENTAL LOCATION & INVESTMENT Brand New, 2022 Construction Circle K Ground Lease (Projected Opening Q4 2022) Hard Corner location at the signalized intersection of County Line Road and Livingston Avenue Outparcel to Livingston Marketplace, a brand-new 73K sq. ft. Publix shopping center Explosive Population Growth of 83.54 percent between 2000-2010, and projected growth of 10.73 percent from 2021 to 2026 Optimal Population Density: 34,904 residents in a 3-mile and 113,461 residents in 5-mile radii Avg. HH Income of $118,000+ amongst 42,292 households with a 5-mile radius Lutz is an affluent Tampa community located 20-minutes north of downtown Tampa OPTIMAL LEASE STRUCTURE Corporate Lease Guarantee from Circle K Stores, Inc. 20-Year Absolute NNN Ground Lease Investment Grade Credit: S&P “BBB” bond rating 5% rent increases every 5 years, both in base term and options periods Four (5), five-year Option Periods each with 5% rent escalations INDUSTRY LEADER WITH STELLAR CORPORATE CREDIT Alimentation Couche-Tard, the parent company of Circle K Stores, Inc., operates more than 14,100 convenience stores across 26 countries worldwide Ranked #2 Convenience Store Operator in the US with 7,142 locations Couche Tard trades on the TSE with a $56.6 Billion Market Cap In 2021 reported $45.76 Billion in gross revenue & net earnings of $2.7 Billion

Investment Highlights

  • Brand New, 2022 Construction Circle K Ground Lease (Projected Opening Q4 2022)
  • Corporate Lease Guarantee from Circle K Stores, Inc.
  • Alimentation Couche-Tard, the parent company of Circle K Stores, Inc., operates more than 14,100 convenience stores across 26 countries worldwide

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Auto Service - Gas-Conv

Circle K Ground Lease (Corp.)

Listing Price: $3,500,000

Cap Rate
4.00%
Tenant Name
Circle K
Years Remaining On Lease
20.2
Guarantor
Corporate Guarantee
Rentable SF
4,625
Lease Type
Gross Lease
Rent Per Square Feet
$30.27

Investment Highlights

  • Brand New, 2022 Construction Circle K Ground Lease (Projected Opening Q4 2022)
  • Corporate Lease Guarantee from Circle K Stores, Inc.
  • Alimentation Couche-Tard, the parent company of Circle K Stores, Inc., operates more than 14,100 convenience stores across 26 countries worldwide

Investment Overview

FUNDAMENTAL LOCATION & INVESTMENT Brand New, 2022 Construction Circle K Ground Lease (Projected Opening Q4 2022) Hard Corner location at the signalized intersection of County Line Road and Livingston Avenue Outparcel to Livingston Marketplace, a brand-new 73K sq. ft. Publix shopping center Explosive Population Growth of 83.54 percent between 2000-2010, and projected growth of 10.73 percent from 2021 to 2026 Optimal Population Density: 34,904 residents in a 3-mile and 113,461 residents in 5-mile radii Avg. HH Income of $118,000+ amongst 42,292 households with a 5-mile radius Lutz is an affluent Tampa community located 20-minutes north of downtown Tampa OPTIMAL LEASE STRUCTURE Corporate Lease Guarantee from Circle K Stores, Inc. 20-Year Absolute NNN Ground Lease Investment Grade Credit: S&P “BBB” bond rating 5% rent increases every 5 years, both in base term and options periods Four (5), five-year Option Periods each with 5% rent escalations INDUSTRY LEADER WITH STELLAR CORPORATE CREDIT Alimentation Couche-Tard, the parent company of Circle K Stores, Inc., operates more than 14,100 convenience stores across 26 countries worldwide Ranked #2 Convenience Store Operator in the US with 7,142 locations Couche Tard trades on the TSE with a $56.6 Billion Market Cap In 2021 reported $45.76 Billion in gross revenue & net earnings of $2.7 Billion

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

MM Texture Background
MM Textured Background Lower