Auto Service - Gas-Conv
Circle K
1600 Pike Ave, North Little Rock, AR 72114
Listing Price: $4,271,000
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. The franchisee operates over 200 locations (existing and coming soon)
throughout Alabama, Arkansas, Georgia, Kansas, and Louisiana. CIRCLE K – Circle K has become one of the most widely recognized convenience store brands, known worldwide
for quality products and great customer service. Founded in 1951 in El Paso, Texas, the company is owned
and operated by the Canada-based Alimentation Couche-Tard, the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of number of company-operated stores. North Little Rock, Arkansas sits on the banks of the Arkansas River in Pulaski County, located in the center of the state. With a population of over 65,000 people, North Little Rock, along with Little Rock and Conway, jointly anchor the six-county Little Rock-North Little Rock-Conway MSA.
Circle K
Investment Highlights
- 19 Years Remaining on Absolute Triple-Net (NNN) Lease
- 10 Percent Rental Increases Every Five Years
- Tenant is the Largest Circle K Franchisee in the United States with 200+ Locations
- 128,916 Residents and 218,189 Daytime Employees within a Five-Mile Radius - Growing Trade Area in the Little Rock MSA
- Property Qualifies for 60 Percent Year One Bonus Depreciation or 15-Year Accelerated Depreciation Per IRS 1250 Property Designation
Listing Price: $4,271,000
Investment Highlights
- 19 Years Remaining on Absolute Triple-Net (NNN) Lease
- 10 Percent Rental Increases Every Five Years
- Tenant is the Largest Circle K Franchisee in the United States with 200+ Locations
- 128,916 Residents and 218,189 Daytime Employees within a Five-Mile Radius - Growing Trade Area in the Little Rock MSA
- 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. The franchisee operates over 200 locations (existing and coming soon) throughout Alabama, Arkansas, Georgia, Kansas, and Louisiana. CIRCLE K – Circle K has become one of the most widely recognized convenience store brands, known worldwide for quality products and great customer service. Founded in 1951 in El Paso, Texas, the company is owned and operated by the Canada-based Alimentation Couche-Tard, the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of number of company-operated stores. North Little Rock, Arkansas sits on the banks of the Arkansas River in Pulaski County, located in the center of the state. With a population of over 65,000 people, North Little Rock, along with Little Rock and Conway, jointly anchor the six-county Little Rock-North Little Rock-Conway MSA.
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