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Auto Service - Gas-Conv

Circle K Sale-Leaseback

2808 W Huntsville Ave, Springdale, AR 72762

Listing Price: $3,050,000

Cap Rate
5.50%
Tenant Name
Gas Express, LLC d/b/a Circle K
Guarantor
Franchisee Guarantee
Rentable SF
3,800
Lease Type
Absolute Net
Rent Per Square Feet
$44.14

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Springdale is the fourth-largest city in Arkansas and is an important industrial city in the region › Home to the world headquarters of Tyson Foods, the world's largest meat producing company and #73 on the Fortune 500 list - Flat topography with phenomenal visibility at a signalized intersection that sees 25,000 VPD - Multiple points of ingress and egress - Situated in a very dense residential area with nearly 20,000 households within a 3-mile radius - Located directly across from Central Junior High School ( 920 students) and less than 2 miles from Springdale High School ( 2,100 students & 217 staff members) - Abundant daytime population of 11,112 (1-mi), 72,435 (3-mi) & 125,640 (5-mi) - 33% of households w/in a 5-mile radius have estimated AHHI over $75k 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) - 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

  • Springdale is the fourth-largest city in Arkansas and is an important industrial city in the region
  • Situated in a very dense residential area with nearly 20,000 households within a 3-mile radius
  • Abundant daytime population of 11,112 (1-mi), 72,435 (3-mi) & 125,640 (5-mi)
  • 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: $3,050,000

Cap Rate
5.50%
Tenant Name
Gas Express, LLC d/b/a Circle K
Guarantor
Franchisee Guarantee
Rentable SF
3,800
Lease Type
Absolute Net
Rent Per Square Feet
$44.14

Investment Highlights

  • Springdale is the fourth-largest city in Arkansas and is an important industrial city in the region
  • Situated in a very dense residential area with nearly 20,000 households within a 3-mile radius
  • Abundant daytime population of 11,112 (1-mi), 72,435 (3-mi) & 125,640 (5-mi)
  • 10% rent escalations every 5 years throughout entire lease
  • Triple net (NNN) lease with NO landlord responsibilities

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Springdale is the fourth-largest city in Arkansas and is an important industrial city in the region › Home to the world headquarters of Tyson Foods, the world's largest meat producing company and #73 on the Fortune 500 list - Flat topography with phenomenal visibility at a signalized intersection that sees 25,000 VPD - Multiple points of ingress and egress - Situated in a very dense residential area with nearly 20,000 households within a 3-mile radius - Located directly across from Central Junior High School ( 920 students) and less than 2 miles from Springdale High School ( 2,100 students & 217 staff members) - Abundant daytime population of 11,112 (1-mi), 72,435 (3-mi) & 125,640 (5-mi) - 33% of households w/in a 5-mile radius have estimated AHHI over $75k 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) - 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

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