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Auto Service - Gas-Conv

Circle K Sale-Leaseback

4275 Glenwood Rd, Decatur, GA 30032

Listing Price: $6,890,000

Cap Rate
5.40%
Tenant Name
Gas Express, LLC d/b/a Circle K
Guarantor
Franchisee Guarantee
Rentable SF
5,000
Lease Type
Absolute Net
Rent Per Square Feet
$74.40

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Hard corner location at a traffic signal - Multiple points of ingress/egress - Located at the entrance of a 120+ home neighborhood - High density market with population counts of 10,043 (1-mi), 89,709 (3-mi) and 258,748 (5-mi) - Flat topography with strong visibility - Attractive 2020 construction - Large 5,000 SF c-store to support high-volume location - 4 MPDs with 8 fueling hoses 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 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 LARGE FRANCHISEE & DOMINANT BRAND - Largest Circle K franchisee - Exclusive Circle K franchisee in Metro Atlanta - Expanding 97-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

  • Hard corner location at a traffic signal
  • Located at the entrance of a 120+ home neighborhood
  • Large 5,000 SF c-store to support high-volume location
  • 10% rent escalations every 5 years throughout entire lease
  • Triple net (NNN) lease with NO landlord responsibilities
  • Largest Circle K franchisee & exclusive Circle K franchisee in Metro Atlanta

Exclusively Listed By

Auto Service - Gas-Conv

Circle K Sale-Leaseback

Listing Price: $6,890,000

Cap Rate
5.40%
Tenant Name
Gas Express, LLC d/b/a Circle K
Guarantor
Franchisee Guarantee
Rentable SF
5,000
Lease Type
Absolute Net
Rent Per Square Feet
$74.40

Investment Highlights

  • Hard corner location at a traffic signal
  • Located at the entrance of a 120+ home neighborhood
  • Large 5,000 SF c-store to support high-volume location
  • 10% rent escalations every 5 years throughout entire lease
  • Triple net (NNN) lease with NO landlord responsibilities
  • Largest Circle K franchisee & exclusive Circle K franchisee in Metro Atlanta

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Hard corner location at a traffic signal - Multiple points of ingress/egress - Located at the entrance of a 120+ home neighborhood - High density market with population counts of 10,043 (1-mi), 89,709 (3-mi) and 258,748 (5-mi) - Flat topography with strong visibility - Attractive 2020 construction - Large 5,000 SF c-store to support high-volume location - 4 MPDs with 8 fueling hoses 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 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 LARGE FRANCHISEE & DOMINANT BRAND - Largest Circle K franchisee - Exclusive Circle K franchisee in Metro Atlanta - Expanding 97-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)

Exclusively Listed By

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