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Auto Service - Gas-Conv

Circle K Sale-Leaseback

2457 Whitesville Rd, LaGrange, GA 30240

Listing Price: $6,047,000

Cap Rate
6.25%
Tenant Name
Circle K
Guarantor
Franchisee Guarantee
Rentable SF
5,000
Lease Type
Absolute Net
Rent Per Square Feet
$75.58

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS
Interstate location – 1st gas/c-store directly off Interstate-85 N
Flat topography with monument sign visibility from I-85
Multiple points of ingress and egress
Versatile building with desirable drive-thru endcap
Large parcel size of ±1.42 acres
Brand new construction scheduled to be completed in Q4 2023
Within immediate proximity to Great Wolf Lodge
400,000+ visitors annually

OPTIMAL LEASE STRUCTURE
Rare 20-year base term
Four (4), 5-year renewal options
Inflation hedge with 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
See page 6 for more details

LARGE FRANCHISEE & DOMINANT BRAND
Largest Alimentation Couche-Tard franchisee in US
Expanding 200+ unit operator across 6 states (AL, AR, GA, LA, SC, TN)
Currently operate 70+ locations in GA
26+ year operating history
HQ in Atlanta, GA
Alimentation Couche-Tard is an international brand with 15,000+ locations in 20 countries (corporate)

LAGRANGE + TROUP COUNTY ADVANTAGE
LaGrange is a city in and county seat of Troup County
Part of Atlanta, GA CSA
Located within “The Growth Corridor of the South” – area between Atlanta and Columbus
Annual visitors exceed 3.5 MM people throughout Troup County’s unique tourist attractions
Troup County is home to more Fortune 500 regional site per capita than anywhere in the US including:
Wal-Mart Distribution Center
Duracell
UPS Distribution Center
Caterpillar
Dow Jones/Wall Street Journal
Kimberly-Clark Corporation

Investment Highlights

  • LATEST BLDG PROTOTYPE
  • 20-YR ABS NNN
  • BONUS DEP. ELIGIBLE
  • INTERSTATE & RESORT LOCATION

Exclusively Listed By

  • Jared M. Kaye

    First Vice President Investments

    (678) 808-2821

    Email Jared

    License(s): GA: 348701, FL: SL3224428, SC: 129648, NV: S.0198902

    Atlanta

  • Sonny Molloy

    Senior Managing Director Investments

    (678) 808-2763

    Email Sonny

    License(s): GA: 249161, NC: 262596

    Atlanta

Financing By

Auto Service - Gas-Conv

Circle K Sale-Leaseback

Listing Price: $6,047,000

Cap Rate
6.25%
Tenant Name
Circle K
Guarantor
Franchisee Guarantee
Rentable SF
5,000
Lease Type
Absolute Net
Rent Per Square Feet
$75.58

Investment Highlights

  • LATEST BLDG PROTOTYPE
  • 20-YR ABS NNN
  • BONUS DEP. ELIGIBLE
  • INTERSTATE & RESORT LOCATION

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS Interstate location – 1st gas/c-store directly off Interstate-85 N Flat topography with monument sign visibility from I-85 Multiple points of ingress and egress Versatile building with desirable drive-thru endcap Large parcel size of ±1.42 acres Brand new construction scheduled to be completed in Q4 2023 Within immediate proximity to Great Wolf Lodge 400,000+ visitors annually OPTIMAL LEASE STRUCTURE Rare 20-year base term Four (4), 5-year renewal options Inflation hedge with 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 See page 6 for more details LARGE FRANCHISEE & DOMINANT BRAND Largest Alimentation Couche-Tard franchisee in US Expanding 200+ unit operator across 6 states (AL, AR, GA, LA, SC, TN) Currently operate 70+ locations in GA 26+ year operating history HQ in Atlanta, GA Alimentation Couche-Tard is an international brand with 15,000+ locations in 20 countries (corporate) LAGRANGE + TROUP COUNTY ADVANTAGE LaGrange is a city in and county seat of Troup County Part of Atlanta, GA CSA Located within “The Growth Corridor of the South” – area between Atlanta and Columbus Annual visitors exceed 3.5 MM people throughout Troup County’s unique tourist attractions Troup County is home to more Fortune 500 regional site per capita than anywhere in the US including: Wal-Mart Distribution Center Duracell UPS Distribution Center Caterpillar Dow Jones/Wall Street Journal Kimberly-Clark Corporation

Exclusively Listed By

  • Jared M. Kaye

    First Vice President Investments

    (678) 808-2821

    Email Jared

    License(s): GA: 348701, FL: SL3224428, SC: 129648, NV: S.0198902

    Atlanta

  • Sonny Molloy

    Senior Managing Director Investments

    (678) 808-2763

    Email Sonny

    License(s): GA: 249161, NC: 262596

    Atlanta

Financing By

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