3565 Lower Wetumpka Rd, Montgomery, AL 36110
FUNDAMENTAL LOCATION, VISIBILITY & ACCESS - Brand new 2021 construction - Strategically located just off SR 152 exit with multiple points of ingress/egress - Flat topography with strong visibility along Forbes Drive & Lower Wetumpka Road - Strong traffic counts of ±10,665 VPD along Lower Wetumpka Road - Strong daytime population counts of ±21k (3-mi) & ±96k (5-mi) - Permanent population counts of ±6k (1-mi), ±20k (3-mi) & ±58k (5-mi) - Limited surrounding competition - only 2 other gas/c-stores within a 1-mile radius OPTIMAL LEASE STRUCTURE - Attractive 20-year sale leaseback - Four (4), 5-year renewal options - 10% rent escalations every 5 years throughout entire lease - Absolute triple net (NNN) lease with NO landlord responsibilities - Opportunity for accelerated depreciation based on fee simple building and gas facility use LARGE FRANCHISEE & DOMINANT BRAND - Expanding 93-unit operator across 4 states (AL, AR, GA, LA) › 45+ units directly owned by Tenant - Other brands include BP and Kangaroo Express - 26+ year operating history - Circle K is an international brand with 15,000+ locations in 20 countries (corporate) MONTGOMERY, AL ADVANTAGE - Home to Alabama's state capital - Gross Metro Product of $18.6 B (2019) - Low cost of living at 8% below national average (per Forbes) - Major industries include education and defense - Home to Maxwell Air Force Base › Educational and technological center of the US Air Force › Average fiscal economic impact of ±$2.6 B annually › Mission critical military installation as home to Air University › 17,000+ military, civil service, and contracted personnel & 34,000 students - Other Top Employers › Baptist Health: ±4,300 employees › Hyundai Motor Manufacturing Alabama, LLC: ±3,500 employees › Assembly plant for Sonata and Elantra sedans and Santa Fe SUV › HMMA and its suppliers have an annual economic impact of $4.82 B to the State of AL's economy › ALFA Insurance Companies: ±2,500 employees
License(s): AL: 0000882980
Alabama
FUNDAMENTAL LOCATION, VISIBILITY & ACCESS - Brand new 2021 construction - Strategically located just off SR 152 exit with multiple points of ingress/egress - Flat topography with strong visibility along Forbes Drive & Lower Wetumpka Road - Strong traffic counts of ±10,665 VPD along Lower Wetumpka Road - Strong daytime population counts of ±21k (3-mi) & ±96k (5-mi) - Permanent population counts of ±6k (1-mi), ±20k (3-mi) & ±58k (5-mi) - Limited surrounding competition - only 2 other gas/c-stores within a 1-mile radius OPTIMAL LEASE STRUCTURE - Attractive 20-year sale leaseback - Four (4), 5-year renewal options - 10% rent escalations every 5 years throughout entire lease - Absolute triple net (NNN) lease with NO landlord responsibilities - Opportunity for accelerated depreciation based on fee simple building and gas facility use LARGE FRANCHISEE & DOMINANT BRAND - Expanding 93-unit operator across 4 states (AL, AR, GA, LA) › 45+ units directly owned by Tenant - Other brands include BP and Kangaroo Express - 26+ year operating history - Circle K is an international brand with 15,000+ locations in 20 countries (corporate) MONTGOMERY, AL ADVANTAGE - Home to Alabama's state capital - Gross Metro Product of $18.6 B (2019) - Low cost of living at 8% below national average (per Forbes) - Major industries include education and defense - Home to Maxwell Air Force Base › Educational and technological center of the US Air Force › Average fiscal economic impact of ±$2.6 B annually › Mission critical military installation as home to Air University › 17,000+ military, civil service, and contracted personnel & 34,000 students - Other Top Employers › Baptist Health: ±4,300 employees › Hyundai Motor Manufacturing Alabama, LLC: ±3,500 employees › Assembly plant for Sonata and Elantra sedans and Santa Fe SUV › HMMA and its suppliers have an annual economic impact of $4.82 B to the State of AL's economy › ALFA Insurance Companies: ±2,500 employees
License(s): AL: 0000882980
Alabama