Auto Service - Gas-Conv

Circle K Sale Leaseback

5 US-23, Suwanee, GA 30024

Listing Price: $3,590,000

Cap Rate
5.85%
Tenant Name
Gas Express, LLC d/b/a Circle K
Guarantor
Franchisee Guarantee
Rentable SF
5,414
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.79

Investment Overview

FUNDAMENTAL LOCATION, VISIBILITY & ACCESS - Desirable Atlanta MSA location in one of the fastest-growing counties in the metro area - Strategically located across the street from Suwanee Town Center, a 63-acre mixed-use development with retail, office, and residential - Hard corner location at lighted 4-way intersection - Only gas/c-store within a 1-mile radius - Multiple points of ingress/egress - Flat topography with phenomenal visibility - Fully renovated and rebranded in 2020 - Large footprint with 6 pumps and 12 fueling stations OPTIMAL LEASE STRUCTURE - Attractive 20-year sale leaseback - Four (4), 5-year renewal options - 10% rent escalations every 5 years throughout entire lease - Triple net (NNN) lease with no landlord responsibilities - Tax advantages with accelerated depreciation due to fee simple ownership AFFLUENT, DENSE & HIGH-GROWTH ATLANTA METRO - Highly dense with population counts of 3,855 (1-mi), 52,130 (3-mi) & 159,176 (5-mi) - Daytime population of 6,089 (1-mi), 65,299 (3-mi) & 156,116 (5-mi) - Average household incomes of $134,454 (1-mi), $128,562 (3-mi) & $128,704 (5-mi) - Explosive population growth of 62.59% (1-mi), 88.46% (3-mi) & 83.22% (5-mi) since 2000 - Continued growth expected with 600+ new homes and 500+ apartment units in mixed-use developments under construction in Suwanee LARGE FRANCHISEE & DOMINANT BRAND - Exclusive Circle K franchisee in Clayton, Cobb, Coweta, Dekalb and Fulton counties - Expanding 78-unit operator across 4 states (AL, AR, GA, LA) › Currently operate 52 Circle Ks in Georgia - Other brands include BP and Kangaroo Express - Circle K is an international brand with 15,000+ locations in 20 countries (corporate)

Investment Highlights

  • Attractive 20-year sale leaseback
  • Triple net (NNN) lease with no landlord responsibilities
  • Desirable Atlanta MSA location in one of the fastest-growing counties in the metro area
  • Hard corner location at lighted 4-way intersection
  • Only gas/c-store within a 1-mile radius
  • Fully renovated and rebranded in 2020

Exclusively Listed By

  • Sonny Molloy

    Senior Vice President Investments

    (678) 808-2763

    Email Sonny

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

    Atlanta

  • Jared M. Kaye

    First Vice President Investments

    Email Jared

    License(s): GA: 348701, FL: SL3224428

    Atlanta

Auto Service - Gas-Conv

Circle K Sale Leaseback

Listing Price: $3,590,000

Cap Rate
5.85%
Tenant Name
Gas Express, LLC d/b/a Circle K
Guarantor
Franchisee Guarantee
Rentable SF
5,414
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.79

Investment Highlights

  • Attractive 20-year sale leaseback
  • Triple net (NNN) lease with no landlord responsibilities
  • Desirable Atlanta MSA location in one of the fastest-growing counties in the metro area
  • Hard corner location at lighted 4-way intersection
  • Only gas/c-store within a 1-mile radius
  • Fully renovated and rebranded in 2020

Investment Overview

FUNDAMENTAL LOCATION, VISIBILITY & ACCESS - Desirable Atlanta MSA location in one of the fastest-growing counties in the metro area - Strategically located across the street from Suwanee Town Center, a 63-acre mixed-use development with retail, office, and residential - Hard corner location at lighted 4-way intersection - Only gas/c-store within a 1-mile radius - Multiple points of ingress/egress - Flat topography with phenomenal visibility - Fully renovated and rebranded in 2020 - Large footprint with 6 pumps and 12 fueling stations OPTIMAL LEASE STRUCTURE - Attractive 20-year sale leaseback - Four (4), 5-year renewal options - 10% rent escalations every 5 years throughout entire lease - Triple net (NNN) lease with no landlord responsibilities - Tax advantages with accelerated depreciation due to fee simple ownership AFFLUENT, DENSE & HIGH-GROWTH ATLANTA METRO - Highly dense with population counts of 3,855 (1-mi), 52,130 (3-mi) & 159,176 (5-mi) - Daytime population of 6,089 (1-mi), 65,299 (3-mi) & 156,116 (5-mi) - Average household incomes of $134,454 (1-mi), $128,562 (3-mi) & $128,704 (5-mi) - Explosive population growth of 62.59% (1-mi), 88.46% (3-mi) & 83.22% (5-mi) since 2000 - Continued growth expected with 600+ new homes and 500+ apartment units in mixed-use developments under construction in Suwanee LARGE FRANCHISEE & DOMINANT BRAND - Exclusive Circle K franchisee in Clayton, Cobb, Coweta, Dekalb and Fulton counties - Expanding 78-unit operator across 4 states (AL, AR, GA, LA) › Currently operate 52 Circle Ks in Georgia - Other brands include BP and Kangaroo Express - Circle K is an international brand with 15,000+ locations in 20 countries (corporate)

Exclusively Listed By

  • Sonny Molloy

    Senior Vice President Investments

    (678) 808-2763

    Email Sonny

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

    Atlanta

  • Jared M. Kaye

    First Vice President Investments

    Email Jared

    License(s): GA: 348701, FL: SL3224428

    Atlanta

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