Skip to main content

Auto Service - Gas-Conv

Circle K Sale-Leaseback

1106 N Jefferson St, Dublin, GA 31021

Listing Price: $4,742,400

Cap Rate
6.25%
Tenant Name
Circle K
Guarantor
Franchisee Guarantee
Rentable SF
3,297
Lease Type
Absolute Net
Rent Per Square Feet
$89.90

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS
Fundamentally located at a signalized intersection
Multiple points of ingress and egress
Flat topography with strong visibility along N Jefferson St & Hillcrest Pkwy
Brand new construction scheduled to be completed in Q4 2023
4 MPDs with 8 fueling stations
High-end construction with latest Circle K prototype
Ample parcel size of 1.16 acres
Strong surrounding density:
2022 population: 5,050 (1-mi), 19,333 (3-mi), 25,899 (5-mi)
Daytime population: 4,660 (1-mi), 23,384 (3-mi), 29,711 (5-mi)

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

MAJOR EMPLOYERS – DUBLIN-LAURENS COUNTY
Dublin is strategically located halfway between Atlanta and Savannah
Direct access to major interstates, two international airports and the fastest-growing port in North America
Carl Vinson VA Medical Center (Veterans Hospital) – 1,575 employees
Fairview Park Hospital (general acute care hospital) – 775+ employees
YKK AP (extruded architectural aluminum products) – 430+ employees

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)

Investment Highlights

  • LATEST CIRCLE K PROTOTYPE
  • 20-YR ABS. NNN
  • BONUS DEPRECIATION
  • 200+ UNIT OPERATOR
  • ANNUAL RENT BUMPS

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: $4,742,400

Cap Rate
6.25%
Tenant Name
Circle K
Guarantor
Franchisee Guarantee
Rentable SF
3,297
Lease Type
Absolute Net
Rent Per Square Feet
$89.90

Investment Highlights

  • LATEST CIRCLE K PROTOTYPE
  • 20-YR ABS. NNN
  • BONUS DEPRECIATION
  • 200+ UNIT OPERATOR
  • ANNUAL RENT BUMPS

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS Fundamentally located at a signalized intersection Multiple points of ingress and egress Flat topography with strong visibility along N Jefferson St & Hillcrest Pkwy Brand new construction scheduled to be completed in Q4 2023 4 MPDs with 8 fueling stations High-end construction with latest Circle K prototype Ample parcel size of 1.16 acres Strong surrounding density: 2022 population: 5,050 (1-mi), 19,333 (3-mi), 25,899 (5-mi) Daytime population: 4,660 (1-mi), 23,384 (3-mi), 29,711 (5-mi) 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 MAJOR EMPLOYERS – DUBLIN-LAURENS COUNTY Dublin is strategically located halfway between Atlanta and Savannah Direct access to major interstates, two international airports and the fastest-growing port in North America Carl Vinson VA Medical Center (Veterans Hospital) – 1,575 employees Fairview Park Hospital (general acute care hospital) – 775+ employees YKK AP (extruded architectural aluminum products) – 430+ employees 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)

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

MM Texture Background
MM Textured Background Lower