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Auto Service - Gas-Conv

Circle K

4101 Brooken Hill Dr, Fort Smith, AR 72908

Listing Price: $4,589,000

Cap Rate
6.00%
Tenant Name
Circle K
Years Remaining On Lease
18.9
Guarantor
Franchisee Guarantee
Rentable SF
3,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.48

Investment Overview

GAS EXPRESS, LLC – Founded in 1994 and based in Atlanta, Georgia, Gas Express, LLC is the largest Circle K franchisee in the United States. CIRCLE K – Circle K has become one of the most widely recognized convenience store brands, known worldwide for quality products and great customer service. Fort Smith, Arkansas is a city rich in history and economic diversity. Positioned on the border of Arkansas and Oklahoma, Fort Smith is one of two county seats in Sebastian County. The city of Fort Smith is one of the largest cities in Arkansas with a population of 89,692 as of July 1, 2023. Fort Smith has long been a key
player in regional trade and transportation.

Investment Highlights

  • 19 Years Remaining on Absolute Triple-Net (NNN) Lease
  • 10 Percent Rental Increases Every Five Years
  • Tenant is Largest Circle K Franchisee in the United States with Over 200 Locations
  • 52,155 Residents within a Five-Mile Radius
  • Property Qualifies for 60 Percent Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation

Exclusively Listed By

Broker of Record

  • Steve Greer

    First Vice President Investments

    (225) 376-6729

    License(s) AR: PB00098133

    Arkansas

Financing By

Auto Service - Gas-Conv

Circle K

Listing Price: $4,589,000

Cap Rate
6.00%
Tenant Name
Circle K
Years Remaining On Lease
18.9
Guarantor
Franchisee Guarantee
Rentable SF
3,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.48

Investment Highlights

  • 19 Years Remaining on Absolute Triple-Net (NNN) Lease
  • 10 Percent Rental Increases Every Five Years
  • Tenant is Largest Circle K Franchisee in the United States with Over 200 Locations
  • 52,155 Residents within a Five-Mile Radius
  • Property Qualifies for 60 Percent Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation

Investment Overview

GAS EXPRESS, LLC – Founded in 1994 and based in Atlanta, Georgia, Gas Express, LLC is the largest Circle K franchisee in the United States. CIRCLE K – Circle K has become one of the most widely recognized convenience store brands, known worldwide for quality products and great customer service. Fort Smith, Arkansas is a city rich in history and economic diversity. Positioned on the border of Arkansas and Oklahoma, Fort Smith is one of two county seats in Sebastian County. The city of Fort Smith is one of the largest cities in Arkansas with a population of 89,692 as of July 1, 2023. Fort Smith has long been a key player in regional trade and transportation.

Exclusively Listed By

Broker of Record

  • Steve Greer

    First Vice President Investments

    (225) 376-6729

    License(s): AR: PB00098133

    Arkansas

Financing By

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