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Auto Service - Gas-Conv

Circle K | Brand New 20-Year Abs. NNN Lease | Largest Franchisee (200+ Unit Operator)

5615 Lindsey Rd, Little Rock, AR 72206

Listing Price: $4,455,000

Cap Rate
5.85%
Tenant Name
Gas Express, LLC
Years Remaining On Lease
20.0
Gross SF
3,600
Guarantor
Franchisee Guarantee
Rentable SF
3,600
Price/Gross SF
$1,237.50
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$72.39

Investment Overview

Founded in 1994 and based in Atlanta, Georgia, Gas Express, LLC is the largest Circle K franchisee in the United States. The franchisee operates over 200 locations (existing and coming soon) throughout Alabama, Arkansas, Georgia, Kansas, and Louisiana. Gas Express’ relationship with Circle K ensures continued corporate growth through increased corporate exposure, enhanced leadership, and buying power.

Little Rock is situated in central Arkansas and is the state’s capital city, as well as the most populous city in the state. The metro is composed of six counties and its population is expected to grow by nearly 30,000 people in the next five years. Little Rock is the cultural, economic, government, and transportation hub within Arkansas.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 10 Percent Rental Increases Every Five Years
  • Tenant is the Largest Circle K Franchisee in the United States with Over 200 Locations
  • Growing Little Rock Trade Area with 90,876 Daytime Employees Within Five Miles
  • Property Qualifies for 80 Percent Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation
  • Lindsey Road Provides Direct Access to a Newly Built 3.7 Million-Square-Foot Amazon Fulfillment Center Approximately One Mile from the Property
  • Easily Accessible Location Immediately Off the I-440 / East Belt Freeway, a Major Little Rock Connector with 60,000 Cars per Day
  • Immediate Access to Bill and Hillary Clinton National Airport via Lindsey Road

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Financing By

Auto Service - Gas-Conv

Circle K | Brand New 20-Year Abs. NNN Lease | Largest Franchisee (200+ Unit Operator)

Listing Price: $4,455,000

Cap Rate
5.85%
Tenant Name
Gas Express, LLC
Years Remaining On Lease
20.0
Gross SF
3,600
Guarantor
Franchisee Guarantee
Rentable SF
3,600
Price/Gross SF
$1,237.50
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$72.39

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 10 Percent Rental Increases Every Five Years
  • Tenant is the Largest Circle K Franchisee in the United States with Over 200 Locations
  • Growing Little Rock Trade Area with 90,876 Daytime Employees Within Five Miles
  • Property Qualifies for 80 Percent Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation
  • Lindsey Road Provides Direct Access to a Newly Built 3.7 Million-Square-Foot Amazon Fulfillment Center Approximately One Mile from the Property
  • Easily Accessible Location Immediately Off the I-440 / East Belt Freeway, a Major Little Rock Connector with 60,000 Cars per Day
  • Immediate Access to Bill and Hillary Clinton National Airport via Lindsey Road

Investment Overview

Founded in 1994 and based in Atlanta, Georgia, Gas Express, LLC is the largest Circle K franchisee in the United States. The franchisee operates over 200 locations (existing and coming soon) throughout Alabama, Arkansas, Georgia, Kansas, and Louisiana. Gas Express’ relationship with Circle K ensures continued corporate growth through increased corporate exposure, enhanced leadership, and buying power. Little Rock is situated in central Arkansas and is the state’s capital city, as well as the most populous city in the state. The metro is composed of six counties and its population is expected to grow by nearly 30,000 people in the next five years. Little Rock is the cultural, economic, government, and transportation hub within Arkansas.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

Financing By

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