Skip to main content

Auto Service - Gas-Conv

Circle K

2200 W Point Pkwy, Opelika, AL 36804

Listing Price: $6,490,910

Cap Rate
5.50%
Tenant Name
Gas Express, LLC d/b/a Circle K
Years Remaining On Lease
0.5
Guarantor
Franchisee Guarantee
Rentable SF
4,087
Lease Type
Absolute Net
Rent Per Square Feet
$87.35

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Part of Auburn-Opelika, AL MSA (±165,000 Population) › Home to Auburn University – 30,000+ students & $5.6 B annual economic impact on the state › #17 Best-Performing MSA in the U.S. & #2 Best-Performing MSA in Alabama (Milken Institute, 2021) - Strategically located directly off the I-85 exit ramp (±43,038 VPD) - Positioned at the hard corner intersection of West Point Parkway & Anderson Road - Flat topography with phenomenal visibility - Multiple points of ingress and egress - Truck stop location with designated diesel fuel canopy 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)

Investment Highlights

  • Part of Auburn-Opelika, AL MSA (±165,000 Population)
  • Strategically located directly off the I-85 exit ramp (±43,038 VPD)
  • Positioned at the hard corner intersection of West Point Parkway & Anderson Road
  • Truck stop location with designated diesel fuel canopy
  • Largest Circle K franchisee
  • Annual rent escalations of 1.25% throughout the entirety of the lease

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Listing Price: $6,490,910

Cap Rate
5.50%
Tenant Name
Gas Express, LLC d/b/a Circle K
Years Remaining On Lease
0.5
Guarantor
Franchisee Guarantee
Rentable SF
4,087
Lease Type
Absolute Net
Rent Per Square Feet
$87.35

Investment Highlights

  • Part of Auburn-Opelika, AL MSA (±165,000 Population)
  • Strategically located directly off the I-85 exit ramp (±43,038 VPD)
  • Positioned at the hard corner intersection of West Point Parkway & Anderson Road
  • Truck stop location with designated diesel fuel canopy
  • Largest Circle K franchisee
  • Annual rent escalations of 1.25% throughout the entirety of the lease

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Part of Auburn-Opelika, AL MSA (±165,000 Population) › Home to Auburn University – 30,000+ students & $5.6 B annual economic impact on the state › #17 Best-Performing MSA in the U.S. & #2 Best-Performing MSA in Alabama (Milken Institute, 2021) - Strategically located directly off the I-85 exit ramp (±43,038 VPD) - Positioned at the hard corner intersection of West Point Parkway & Anderson Road - Flat topography with phenomenal visibility - Multiple points of ingress and egress - Truck stop location with designated diesel fuel canopy 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)

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

MM Texture Background
MM Textured Background Lower