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Auto Service - Gas-Conv

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

3991 Johnson Mill Blvd, Johnson, AR 72762

Listing Price: $4,731,000

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
$1,314.17
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.88

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.

Situated in the northwestern part of Arkansas, Johnson is a suburb of Fayetteville and part of the larger Northwest Arkansas region. Located between Fayetteville and Springdale in the heart of the rapidly growing Northwest Arkansas MSA, Johnson has been experiencing a population and building boom in recent years, as indicated by a 46 percent growth in population between the 2000 and 2010 censuses.

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
  • 135,393 Residents and 168,454 Daytime Employees Within a Five-Mile Radius - Rapidly Growing Trade Area in the Northwest Arkansas MSA
  • Property Qualifies for 80 Percent Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation
  • Central Location Only Seven Miles from Both Downtown Springdale and Fayetteville
  • Extremely Visible Location with Over 106,000 Cars per Day at Intersection of US Highway 71 South / I-49 and Johnson Mill Boulevard
  • Only Seven Minutes from Northwest Arkansas Mall and Major National Retailers

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: $4,731,000

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
$1,314.17
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.88

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
  • 135,393 Residents and 168,454 Daytime Employees Within a Five-Mile Radius - Rapidly Growing Trade Area in the Northwest Arkansas MSA
  • Property Qualifies for 80 Percent Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation
  • Central Location Only Seven Miles from Both Downtown Springdale and Fayetteville
  • Extremely Visible Location with Over 106,000 Cars per Day at Intersection of US Highway 71 South / I-49 and Johnson Mill Boulevard
  • Only Seven Minutes from Northwest Arkansas Mall and Major National Retailers

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. Situated in the northwestern part of Arkansas, Johnson is a suburb of Fayetteville and part of the larger Northwest Arkansas region. Located between Fayetteville and Springdale in the heart of the rapidly growing Northwest Arkansas MSA, Johnson has been experiencing a population and building boom in recent years, as indicated by a 46 percent growth in population between the 2000 and 2010 censuses.

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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