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Auto Service - Gas-Conv

Circle K Sale Leaseback

1740 Duluth Hwy, Lawrenceville, GA 30043

Listing Price: $6,000,000

Cap Rate
5.50%
Tenant Name
Gas Express, LLC d/b/a Circle K
Guarantor
Franchisee Guarantee
Rentable SF
6,500
Lease Type
Absolute Net
Rent Per Square Feet
$50.77

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Desirable Atlanta MSA location in one of the fastest-growing counties in metro Atlanta - Strategically located in front of Fairfield Oaks Subdivision (±100 home community built in mid ’90 with current prices +$250,000) - Explosive population growth since 2000: 101% (1-mi), 53% (3-mi), 46% (5-mi) - Affluent and dense market (±Population – ±Avg. Household Income) › 1-Mi: 9,938 - $95,214 › 3-Mi: 88,160 - $95,017 › 5-Mi: 229,914 - $87,257 - Brand new 2021 construction (est. CO by Summer) - Large 6,500 SF c-store to support high-volume location 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 - 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
  • Strategically located in front of Fairfield Oaks Subdivision (±100 home community built in mid '90 with current prices +$250,000)
  • Large 6,500 SF c-store to support high-volume location
  • Affluent and dense market
  • 10% rent escalations every 5 years throughout entire lease
  • Largest Circle K franchisee

Exclusively Listed By

Auto Service - Gas-Conv

Circle K Sale Leaseback

Listing Price: $6,000,000

Cap Rate
5.50%
Tenant Name
Gas Express, LLC d/b/a Circle K
Guarantor
Franchisee Guarantee
Rentable SF
6,500
Lease Type
Absolute Net
Rent Per Square Feet
$50.77

Investment Highlights

  • Desirable Atlanta MSA location in one of the fastest-growing counties in metro Atlanta
  • Strategically located in front of Fairfield Oaks Subdivision (±100 home community built in mid '90 with current prices +$250,000)
  • Large 6,500 SF c-store to support high-volume location
  • Affluent and dense market
  • 10% rent escalations every 5 years throughout entire lease
  • Largest Circle K franchisee

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Desirable Atlanta MSA location in one of the fastest-growing counties in metro Atlanta - Strategically located in front of Fairfield Oaks Subdivision (±100 home community built in mid ’90 with current prices +$250,000) - Explosive population growth since 2000: 101% (1-mi), 53% (3-mi), 46% (5-mi) - Affluent and dense market (±Population – ±Avg. Household Income) › 1-Mi: 9,938 - $95,214 › 3-Mi: 88,160 - $95,017 › 5-Mi: 229,914 - $87,257 - Brand new 2021 construction (est. CO by Summer) - Large 6,500 SF c-store to support high-volume location 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 - 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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