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Auto Service - Gas-Conv

Circle K

1401 E Oak St, Arcadia, FL 34266

Listing Price: $1,023,200

Cap Rate
5.00%
Tenant Name
Circle K
Years Remaining On Lease
3.4
Guarantor
Corporate Guarantee
Rentable SF
4,301
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.89

Investment Overview

Absolute NNN Circle K asset features a short lease term and low rent. Opportunity for investors to cash flow off the property for years to come with a future redevelopment play. Subject property ranks in the 93rd percentile of all Circle Ks nationwide (Placer.ai) demonstrating the potential value of the site. Circle K has 4 years remaining on their lease before three 5-year options to extend.

Investment Highlights

  • Absolute NNN Circle K with No Landlord Responsibilities Located Along the Heavily Trafficked Section of Oak Street (22,500 Vehicles Per Day (VPD)) in Arcadia, DeSoto County, Florida
  • Circle K Has Been Operating at the Location for Over 50 Years Demonstrating Generational Success with Favorable Store Hours (Open 24 Hours a Day, 7 Days a Week)
  • Lease Corporately Guaranteed by Circle K, One of the Nation's Most Recognized Gas and Convenience Store Concepts with Over 9,700 Stores in North America and an S&P Credit Rating of BBB
  • Strategically Located Among a Host of the Nation's Most Successful Retailers Such as McDonald's, Dunkin', Dollar General, and Ranks in the Top 93rd Percentile of All Circle Ks Nationwide (Placer.ai)

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Auto Service - Gas-Conv

Circle K

Listing Price: $1,023,200

Cap Rate
5.00%
Tenant Name
Circle K
Years Remaining On Lease
3.4
Guarantor
Corporate Guarantee
Rentable SF
4,301
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.89

Investment Highlights

  • Absolute NNN Circle K with No Landlord Responsibilities Located Along the Heavily Trafficked Section of Oak Street (22,500 Vehicles Per Day (VPD)) in Arcadia, DeSoto County, Florida
  • Circle K Has Been Operating at the Location for Over 50 Years Demonstrating Generational Success with Favorable Store Hours (Open 24 Hours a Day, 7 Days a Week)
  • Lease Corporately Guaranteed by Circle K, One of the Nation's Most Recognized Gas and Convenience Store Concepts with Over 9,700 Stores in North America and an S&P Credit Rating of BBB
  • Strategically Located Among a Host of the Nation's Most Successful Retailers Such as McDonald's, Dunkin', Dollar General, and Ranks in the Top 93rd Percentile of All Circle Ks Nationwide (Placer.ai)

Investment Overview

Absolute NNN Circle K asset features a short lease term and low rent. Opportunity for investors to cash flow off the property for years to come with a future redevelopment play. Subject property ranks in the 93rd percentile of all Circle Ks nationwide (Placer.ai) demonstrating the potential value of the site. Circle K has 4 years remaining on their lease before three 5-year options to extend.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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