Skip to main content

Auto Service - Gas-Conv

Circle K Sale-Leaseback

4315 N Crossover Rd, Fayetteville, AR 72703

Listing Price: $1,965,000

Cap Rate
5.50%
Tenant Name
Gas Express, LLC d/b/a Circle K
Guarantor
Franchisee Guarantee
Rentable SF
2,927
Lease Type
Absolute Net
Rent Per Square Feet
$36.90

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Attractive college town home to the state's flagship university, the University of Arkansas › 27k students & faculty with an annual economic impact of nearly $1 B - Flat topography with phenomenal visibility at a signalized intersection that sees 29,000 VPD - Outparcel to a multi-tenant retail strip center and located directly across the street from the Fayetteville Athletic Club, a full-service athletic club - Located less than 1 mile from the Paradise Valley Athletic Club, a private club established in 1967 with amenities including a swimming pool, event room, tennis courts, locker rooms, a fully-stocked golf shop, and golf practice facilities - Abundant population of3,364 (1-mi), 44,024 (3-mi) & 109,480 (5-mi) - Affluent trade area with AHHI of $107k within a 1-mile radius 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) FAYETTEVILLE-SPRINGDALE-ROGERS MSA ADVANTAGE - Gross Metro Product of $25.9 B (Forbes 2019) - Major industries include education and technology - Home to the headquarters of 3 Fortune 500 companies including Walmart (#1), Tyson Foods (#73) & J.B. Hunt Transport Services (#315) - Major private employers: › Walmart Inc. — 11,000 employees (retail) › Arvest Bank — 6,330 employees (banking/finance) › University of Arkansas — 4,500 employees (higher education) › Tyson Foods, Inc. — 1,850 employees (poultry processing)

Investment Highlights

  • Attractive college town home to the state's flagship university, the University of Arkansas
  • Outparcel to a multi-tenant retail strip center and located directly across the street from the Fayetteville Athletic Club
  • Affluent trade area with AHHI of $107k within a 1-mile radius
  • 10% rent escalations every 5 years throughout entire lease
  • Triple net (NNN) lease with NO landlord responsibilities

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s) AR: PB00066390

    Arkansas

Auto Service - Gas-Conv

Circle K Sale-Leaseback

Listing Price: $1,965,000

Cap Rate
5.50%
Tenant Name
Gas Express, LLC d/b/a Circle K
Guarantor
Franchisee Guarantee
Rentable SF
2,927
Lease Type
Absolute Net
Rent Per Square Feet
$36.90

Investment Highlights

  • Attractive college town home to the state's flagship university, the University of Arkansas
  • Outparcel to a multi-tenant retail strip center and located directly across the street from the Fayetteville Athletic Club
  • Affluent trade area with AHHI of $107k within a 1-mile radius
  • 10% rent escalations every 5 years throughout entire lease
  • Triple net (NNN) lease with NO landlord responsibilities

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Attractive college town home to the state's flagship university, the University of Arkansas › 27k students & faculty with an annual economic impact of nearly $1 B - Flat topography with phenomenal visibility at a signalized intersection that sees 29,000 VPD - Outparcel to a multi-tenant retail strip center and located directly across the street from the Fayetteville Athletic Club, a full-service athletic club - Located less than 1 mile from the Paradise Valley Athletic Club, a private club established in 1967 with amenities including a swimming pool, event room, tennis courts, locker rooms, a fully-stocked golf shop, and golf practice facilities - Abundant population of3,364 (1-mi), 44,024 (3-mi) & 109,480 (5-mi) - Affluent trade area with AHHI of $107k within a 1-mile radius 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) FAYETTEVILLE-SPRINGDALE-ROGERS MSA ADVANTAGE - Gross Metro Product of $25.9 B (Forbes 2019) - Major industries include education and technology - Home to the headquarters of 3 Fortune 500 companies including Walmart (#1), Tyson Foods (#73) & J.B. Hunt Transport Services (#315) - Major private employers: › Walmart Inc. — 11,000 employees (retail) › Arvest Bank — 6,330 employees (banking/finance) › University of Arkansas — 4,500 employees (higher education) › Tyson Foods, Inc. — 1,850 employees (poultry processing)

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s): AR: PB00066390

    Arkansas

MM Texture Background
MM Textured Background Lower