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Auto Service - Gas-Conv

Circle K Sale-Leaseback

4501 Troy Hwy, Montgomery, AL 36116

Listing Price: $4,591,000

Cap Rate
5.50%
Tenant Name
Gas Express, LLC d/b/a Circle K
Guarantor
Franchisee Guarantee
Rentable SF
3,600
Lease Type
Absolute Net
Rent Per Square Feet
$70.14

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Brand new 2021 construction - Strategically positioned off Troy Highway ±8 miles from downtown Montgomery - Direct access to a 4-way signalized intersection - Prime location with direct access to multiple high-density residential neighborhoods via Bell Road - Located less than 1 mile from Trenholm State Community College – ±2,000 students & staff - Strong daytime population counts of ±7,789 (1-mi), ±41,582 (3-mi) & ±104,469 (5-mi) - Permanent population counts of ±9,987 (1-mi), ±50,552 (3-mi) & ±102,226 (5-mi) - Flat topography with strong visibility along Troy Highway OPTIMAL LEASE STRUCTURE - Attractive 20-year sale-leaseback - 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 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) MONTGOMERY, AL ADVANTAGE - Home to Alabama’s state capital - Gross Metro Product of $18.6 B (2019) - Low cost of living at 8% below national average (per Forbes) - Major industries include education and defense - Home to Maxwell Air Force Base › Educational and technological center of the US Air Force › Average fiscal economic impact of ±$1 annually › Mission critical military installation as home to Air University › 17,000+ military, civil service and contracted personnel & 34,000 students - Other Top Employers › Baptist Health: +4,300 employees › Hyundai Motor Manufacturing Alabama, LLC: +3,500 employees › Assembly plant for Sonata and Elantra sedans and Santa Fe SUV › HMMA and its suppliers have an annual economic impact of $4.82 B to the State of AL’s economy › ALFA Insurance Companies: +2,500 employees

Investment Highlights

  • Brand new 2021 construction
  • Direct access to a 4-way signalized intersection
  • Prime location with direct access to multiple high-density residential neighborhoods via Bell Road
  • 10% rent escalations every 5 years throughout entire lease
  • Largest Circle K franchisee

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Auto Service - Gas-Conv

Circle K Sale-Leaseback

Listing Price: $4,591,000

Cap Rate
5.50%
Tenant Name
Gas Express, LLC d/b/a Circle K
Guarantor
Franchisee Guarantee
Rentable SF
3,600
Lease Type
Absolute Net
Rent Per Square Feet
$70.14

Investment Highlights

  • Brand new 2021 construction
  • Direct access to a 4-way signalized intersection
  • Prime location with direct access to multiple high-density residential neighborhoods via Bell Road
  • 10% rent escalations every 5 years throughout entire lease
  • Largest Circle K franchisee

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Brand new 2021 construction - Strategically positioned off Troy Highway ±8 miles from downtown Montgomery - Direct access to a 4-way signalized intersection - Prime location with direct access to multiple high-density residential neighborhoods via Bell Road - Located less than 1 mile from Trenholm State Community College – ±2,000 students & staff - Strong daytime population counts of ±7,789 (1-mi), ±41,582 (3-mi) & ±104,469 (5-mi) - Permanent population counts of ±9,987 (1-mi), ±50,552 (3-mi) & ±102,226 (5-mi) - Flat topography with strong visibility along Troy Highway OPTIMAL LEASE STRUCTURE - Attractive 20-year sale-leaseback - 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 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) MONTGOMERY, AL ADVANTAGE - Home to Alabama’s state capital - Gross Metro Product of $18.6 B (2019) - Low cost of living at 8% below national average (per Forbes) - Major industries include education and defense - Home to Maxwell Air Force Base › Educational and technological center of the US Air Force › Average fiscal economic impact of ±$1 annually › Mission critical military installation as home to Air University › 17,000+ military, civil service and contracted personnel & 34,000 students - Other Top Employers › Baptist Health: +4,300 employees › Hyundai Motor Manufacturing Alabama, LLC: +3,500 employees › Assembly plant for Sonata and Elantra sedans and Santa Fe SUV › HMMA and its suppliers have an annual economic impact of $4.82 B to the State of AL’s economy › ALFA Insurance Companies: +2,500 employees

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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