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Auto Service - Gas-Conv

Circle K Sale Leaseback

6142 Old Dixie Hwy, Forest Park, GA 30297

Listing Price: $4,175,000

Cap Rate
5.75%
Tenant Name
Gas Express, LLC d/b/a Circle K
Guarantor
Franchisee Guarantee
Rentable SF
4,095
Lease Type
Absolute Net
Rent Per Square Feet
$58.61

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Desirable metro of Atlanta - Flat topography with phenomenal visibility - Multiple points of ingress/egress - Located immediately off I-75 - Store is undergoing a remodel which will be completed prior to June › Krispy Krunchy Chicken, a QSR chain with 2,500 location across 46 states to be added in the c-store - Densely populated trade area: 11,042 (1-mi), 81,009 (3-mi), 187,163 (5-mi) OPTIMAL LEASE STRUCTURE - Rare 20-year base term - 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 - Strong performing unit with healthy rent:sales < 8% LARGE FRANCHISEE & DOMINANT BRAND - Expanding 93-unit operator across 4 states (AL, AR, GA, LA) › Currently operate 50+ Circle Ks in Georgia - 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) ATLANTA MSA ADVANTAGE - Atlanta metro has the 5th largest population in the US with 5.9+ million residents - 30 companies with HQ in metro Atlanta are among the 2020 Fortune 1000 - 16 ranked in the elite Fortune 500 - Georgia has been named the #1 state for business climate and for doing business for the last 6 years (Site Selection & Area Development) - For the last 5 years, Atlanta has been among the top 5 metro areas in the nation for most net migration - Major industries include financial services, technology and telecommunications - Forbes Rankings: › #13 Best Places for Business and Careers › #34 in Job Growth › #41 in Education

Investment Highlights

  • Rare 20-year base term
  • Triple net (NNN) lease with NO landlord responsibilities
  • Strong performing unit with healthy rent:sales < 8%
  • Desirable metro of Atlanta
  • Located immediately off I-75
  • Expanding 93-unit operator across 4 states (AL, AR, GA, LA)

Exclusively Listed By

Auto Service - Gas-Conv

Circle K Sale Leaseback

Listing Price: $4,175,000

Cap Rate
5.75%
Tenant Name
Gas Express, LLC d/b/a Circle K
Guarantor
Franchisee Guarantee
Rentable SF
4,095
Lease Type
Absolute Net
Rent Per Square Feet
$58.61

Investment Highlights

  • Rare 20-year base term
  • Triple net (NNN) lease with NO landlord responsibilities
  • Strong performing unit with healthy rent:sales < 8%
  • Desirable metro of Atlanta
  • Located immediately off I-75
  • Expanding 93-unit operator across 4 states (AL, AR, GA, LA)

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Desirable metro of Atlanta - Flat topography with phenomenal visibility - Multiple points of ingress/egress - Located immediately off I-75 - Store is undergoing a remodel which will be completed prior to June › Krispy Krunchy Chicken, a QSR chain with 2,500 location across 46 states to be added in the c-store - Densely populated trade area: 11,042 (1-mi), 81,009 (3-mi), 187,163 (5-mi) OPTIMAL LEASE STRUCTURE - Rare 20-year base term - 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 - Strong performing unit with healthy rent:sales < 8% LARGE FRANCHISEE & DOMINANT BRAND - Expanding 93-unit operator across 4 states (AL, AR, GA, LA) › Currently operate 50+ Circle Ks in Georgia - 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) ATLANTA MSA ADVANTAGE - Atlanta metro has the 5th largest population in the US with 5.9+ million residents - 30 companies with HQ in metro Atlanta are among the 2020 Fortune 1000 - 16 ranked in the elite Fortune 500 - Georgia has been named the #1 state for business climate and for doing business for the last 6 years (Site Selection & Area Development) - For the last 5 years, Atlanta has been among the top 5 metro areas in the nation for most net migration - Major industries include financial services, technology and telecommunications - Forbes Rankings: › #13 Best Places for Business and Careers › #34 in Job Growth › #41 in Education

Exclusively Listed By

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