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Circle K

1909 E Alsobrook St, Plant City, FL 33563

Listing Price: $3,363,000

Cap Rate
5.50%
Tenant Name
Circle K
Years Remaining On Lease
20.7
Gross SF
5,200
Guarantor
Corporate Guarantee
Rentable SF
5,200
Price/Gross SF
$646.73
Lease Type
NNN Ground Lease
Rent Per Square Feet
$35.58

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a brand new Circle K in Plant City, FL.

Investment Highlights

  • New 20 Year Absolute Triple-Net (NNN) Ground Lease with Zero Landlord Responsibilities. The Lease Features 5% Rental Increases Every 5-Years and Six Five-Year Options
  • The Landlord is expected to deliver the subject property to the Tenant (Circle K) on 4/1/2024 which commences the Construction Period (180 days).
  • Rent Shall Commence 30 days following the expiration of the Construction Period or Projected 10/28/2024.
  • Investment Grade Corporate Lease with Circle K/Alimentation Couche-Tard (S&P BBB). Circle K/Couche-Tard achieved $71.9B in total revenue during FY 2023 and operates 14,486 locations in 24 countries as of FY 2023.
  • Located in Florida's Fastest Growing Industrial Corridor, Plant City, FL. 143MM SqFt of Industrial Space exists between Tampa & Orlando along I-4. 13.3% of existing Industrial Inventory has been built in the last three years.

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: $3,363,000

Cap Rate
5.50%
Tenant Name
Circle K
Years Remaining On Lease
20.7
Gross SF
5,200
Guarantor
Corporate Guarantee
Rentable SF
5,200
Price/Gross SF
$646.73
Lease Type
NNN Ground Lease
Rent Per Square Feet
$35.58

Investment Highlights

  • New 20 Year Absolute Triple-Net (NNN) Ground Lease with Zero Landlord Responsibilities. The Lease Features 5% Rental Increases Every 5-Years and Six Five-Year Options
  • The Landlord is expected to deliver the subject property to the Tenant (Circle K) on 4/1/2024 which commences the Construction Period (180 days).
  • Rent Shall Commence 30 days following the expiration of the Construction Period or Projected 10/28/2024.
  • Investment Grade Corporate Lease with Circle K/Alimentation Couche-Tard (S&P BBB). Circle K/Couche-Tard achieved $71.9B in total revenue during FY 2023 and operates 14,486 locations in 24 countries as of FY 2023.
  • Located in Florida's Fastest Growing Industrial Corridor, Plant City, FL. 143MM SqFt of Industrial Space exists between Tampa & Orlando along I-4. 13.3% of existing Industrial Inventory has been built in the last three years.

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a brand new Circle K in Plant City, FL.

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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