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Auto Service - Gas-Conv

Circle K Sale Leaseback

470 Satellite Blvd NW, Suwanee, GA 30024

Listing Price: $6,000,000

Cap Rate
5.70%
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
$114.00

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Desirable Atlanta MSA location in one of the fastest-growing counties in metro Atlanta - Hard corner location at 4-way signalized intersection - Flat topography with phenomenal visibility - Brand new 2021 construction (est. CO by Spring) - Explosive population growth since 2000: 109% (1-mi), 71% (3-mi), 67% (5-mi) - Affluent and dense market (±Population – ±Avg. Household Income) › 1-Mi: 3,830 - $124,121 › 3-Mi: 56,697 - $120,538 › 5-Mi: 164,784 - $117,430 - Strategic market location with no competing gas/c-store sites within a 1-mile radius 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 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) 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

  • Desirable Atlanta MSA location in one of the fastest-growing counties in metro Atlanta
  • Hard corner location at 4-way signalized intersection
  • Brand new 2021 construction (est. CO by Spring)
  • Rare 20-year base term
  • Triple net (NNN) lease with NO landlord responsibilities
  • Expanding 93-unit operator across 4 states (AL, AR, GA, LA)

Exclusively Listed By

Auto Service - Gas-Conv

Circle K Sale Leaseback

Listing Price: $6,000,000

Cap Rate
5.70%
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
$114.00

Investment Highlights

  • Desirable Atlanta MSA location in one of the fastest-growing counties in metro Atlanta
  • Hard corner location at 4-way signalized intersection
  • Brand new 2021 construction (est. CO by Spring)
  • Rare 20-year base term
  • Triple net (NNN) lease with NO landlord responsibilities
  • Expanding 93-unit operator across 4 states (AL, AR, GA, LA)

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Desirable Atlanta MSA location in one of the fastest-growing counties in metro Atlanta - Hard corner location at 4-way signalized intersection - Flat topography with phenomenal visibility - Brand new 2021 construction (est. CO by Spring) - Explosive population growth since 2000: 109% (1-mi), 71% (3-mi), 67% (5-mi) - Affluent and dense market (±Population – ±Avg. Household Income) › 1-Mi: 3,830 - $124,121 › 3-Mi: 56,697 - $120,538 › 5-Mi: 164,784 - $117,430 - Strategic market location with no competing gas/c-store sites within a 1-mile radius 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 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) 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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