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Auto Service - Gas-Conv

Circle K

3010 Bill Gardner Pkwy, Locust Grove (Atlanta), GA 30248

Listing Price: $4,855,000

Cap Rate
5.50%
Tenant Name
Gas Express, LLC d/b/a Circle K
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
5,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.68

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Desirable Atlanta MSA location in one of the fastest-growing counties in metro Atlanta - Flat topography with phenomenal visibility - Multiple points of ingress/egress - Corner parcel with direct access to a traffic signal - Brand new 2021 construction - Explosive population growth since 2000: 203% (1-mi), 217% (3-mi), 200% (5-mi) with additional growth expected over the next 5 years - Affluent market with AHHIs of $106,920 (1-mi), $99,056 (3-mi) & $89,746 (5-mi) - Nearby market drivers include Home Depot Distribution Center (1 MM SF) & Tanger Outlets (320k+ SF) OPTIMAL LEASE STRUCTURE - Rare 20-year base term - Four (4), 5-year renewal options - Annual rent escalations of 1.25% throughout the entirety of the lease - Triple net (NNN) lease with NO landlord responsibilities - Tax advantages with accelerated depreciation due to fee simple ownership LARGE FRANCHISEE & DOMINANT BRAND - Largest Circle K franchisee - Exclusive Circle K franchisee in Metro Atlanta - Expanding 93+ unit operator across 4 states (AL, AR, GA, LA) › Currently operate 50+ Circle Ks in Georgia - 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
  • Corner parcel with direct access to a traffic signal
  • Annual rent escalations of 1.25% throughout the entirety of the lease
  • Affluent market with AHHIs of $106,920 (1-mi), $99,056 (3-mi) & $89,746 (5-mi)
  • Triple net (NNN) lease with NO landlord responsibilities
  • Largest Circle K franchisee

Exclusively Listed By

Listing Price: $4,855,000

Cap Rate
5.50%
Tenant Name
Gas Express, LLC d/b/a Circle K
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
5,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.68

Investment Highlights

  • Desirable Atlanta MSA location in one of the fastest-growing counties in metro Atlanta
  • Corner parcel with direct access to a traffic signal
  • Annual rent escalations of 1.25% throughout the entirety of the lease
  • Affluent market with AHHIs of $106,920 (1-mi), $99,056 (3-mi) & $89,746 (5-mi)
  • Triple net (NNN) lease with NO landlord responsibilities
  • Largest Circle K franchisee

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Desirable Atlanta MSA location in one of the fastest-growing counties in metro Atlanta - Flat topography with phenomenal visibility - Multiple points of ingress/egress - Corner parcel with direct access to a traffic signal - Brand new 2021 construction - Explosive population growth since 2000: 203% (1-mi), 217% (3-mi), 200% (5-mi) with additional growth expected over the next 5 years - Affluent market with AHHIs of $106,920 (1-mi), $99,056 (3-mi) & $89,746 (5-mi) - Nearby market drivers include Home Depot Distribution Center (1 MM SF) & Tanger Outlets (320k+ SF) OPTIMAL LEASE STRUCTURE - Rare 20-year base term - Four (4), 5-year renewal options - Annual rent escalations of 1.25% throughout the entirety of the lease - Triple net (NNN) lease with NO landlord responsibilities - Tax advantages with accelerated depreciation due to fee simple ownership LARGE FRANCHISEE & DOMINANT BRAND - Largest Circle K franchisee - Exclusive Circle K franchisee in Metro Atlanta - Expanding 93+ unit operator across 4 states (AL, AR, GA, LA) › Currently operate 50+ Circle Ks in Georgia - 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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