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Auto Service - Gas-Conv

Circle K Sale Leaseback

1605 Troy Smith Rd, Monroe, GA 30656

Listing Price: $3,550,000

Cap Rate
5.75%
Tenant Name
Gas Express, LLC d/b/a Circle K
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Lease Type
Absolute Net
Rent Per Square Feet
$68.00

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Hard corner location - Multiple points of ingress/egress - Strategic location with no gas/c-store competition within a 1-mile radius - Flat topography with phenomenal visibility - Explosive population growth since 2000: 134% (1-mi), 80% (3-mi), 47% (5-mi) - Fully renovated and rebranded in 2018 - Ample footprint with 4 pumps and 8 fueling stations 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 location with 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 location with rent:sales < 8%
  • Hard corner location with multiple points of ingress/egress
  • Fully renovated and rebranded in 2018
  • Expanding 93-unit operator across 4 states (AL, AR, GA, LA)

Exclusively Listed By

Auto Service - Gas-Conv

Circle K Sale Leaseback

Listing Price: $3,550,000

Cap Rate
5.75%
Tenant Name
Gas Express, LLC d/b/a Circle K
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Lease Type
Absolute Net
Rent Per Square Feet
$68.00

Investment Highlights

  • Rare 20-year base term
  • Triple Net (NNN) lease with no landlord responsibilities
  • Strong performing location with rent:sales < 8%
  • Hard corner location with multiple points of ingress/egress
  • Fully renovated and rebranded in 2018
  • Expanding 93-unit operator across 4 states (AL, AR, GA, LA)

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Hard corner location - Multiple points of ingress/egress - Strategic location with no gas/c-store competition within a 1-mile radius - Flat topography with phenomenal visibility - Explosive population growth since 2000: 134% (1-mi), 80% (3-mi), 47% (5-mi) - Fully renovated and rebranded in 2018 - Ample footprint with 4 pumps and 8 fueling stations 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 location with 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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