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Auto Service - Gas-Conv

Circle K Sale-Leaseback

2300 Whitesville Rd, LaGrange, GA 30240

Listing Price: $6,850,000

Cap Rate
5.00%
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
$68.50

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Interstate location directly off Interstate-85 - Flat topography with phenomenal visibility - Located at a signalized 4-way intersection - Multiple points of ingress and egress - Truck stop (‘mini pumper’) location with designated diesel fuel canopy - Trade area monopoly › No gas/c-store competition › Deed restriction to prevent future competition - Large parcel size of ±1.8 acres - Brand new construction scheduled to be completed in Q1 2022 - Across the street from Great Wolf Lodge › 400,000+ visitors annually 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 & bonus depreciation due to fee simple ownership LARGE FRANCHISEE & DOMINANT BRAND - Largest Circle K franchisee - Expanding 100+ 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) LAGRANGE + TROUP COUNTY ADVANTAGE - LaGrange is a city in and county seat of Troup County - Part of Atlanta, GA CSA - Located within “The Growth Corridor of the South” – area between Atlanta and Columbus - More than 25,000 VPD pass through Troup County along I-85 - Annual visitors exceed 3.5 MM people throughout Troup County’s unique tourist attractions - Troup County is home to more Fortune 500 regional site per capita than anywhere in the US including: › Wal-Mart Distribution Center › Duracell › UPS Distribution Center › Caterpillar › Dow Jones/Wall Street Journal › Kimberly-Clark Corporation

Investment Highlights

  • Interstate location directly off Interstate-85
  • Located at a signalized 4-way intersection
  • Truck stop ('mini pumper') location with designated diesel fuel canopy
  • Across the street from Great Wolf Lodge
  • Trade area monopoly (no gas/c-store competition)
  • Largest Circle K franchisee

Exclusively Listed By

Auto Service - Gas-Conv

Circle K Sale-Leaseback

Listing Price: $6,850,000

Cap Rate
5.00%
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
$68.50

Investment Highlights

  • Interstate location directly off Interstate-85
  • Located at a signalized 4-way intersection
  • Truck stop ('mini pumper') location with designated diesel fuel canopy
  • Across the street from Great Wolf Lodge
  • Trade area monopoly (no gas/c-store competition)
  • Largest Circle K franchisee

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Interstate location directly off Interstate-85 - Flat topography with phenomenal visibility - Located at a signalized 4-way intersection - Multiple points of ingress and egress - Truck stop (‘mini pumper’) location with designated diesel fuel canopy - Trade area monopoly › No gas/c-store competition › Deed restriction to prevent future competition - Large parcel size of ±1.8 acres - Brand new construction scheduled to be completed in Q1 2022 - Across the street from Great Wolf Lodge › 400,000+ visitors annually 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 & bonus depreciation due to fee simple ownership LARGE FRANCHISEE & DOMINANT BRAND - Largest Circle K franchisee - Expanding 100+ 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) LAGRANGE + TROUP COUNTY ADVANTAGE - LaGrange is a city in and county seat of Troup County - Part of Atlanta, GA CSA - Located within “The Growth Corridor of the South” – area between Atlanta and Columbus - More than 25,000 VPD pass through Troup County along I-85 - Annual visitors exceed 3.5 MM people throughout Troup County’s unique tourist attractions - Troup County is home to more Fortune 500 regional site per capita than anywhere in the US including: › Wal-Mart Distribution Center › Duracell › UPS Distribution Center › Caterpillar › Dow Jones/Wall Street Journal › Kimberly-Clark Corporation

Exclusively Listed By

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