INVESTMENT HIGHLIGHTS
NEW CONSTRUCTION, LONG TERM LEASE: The new construction Circle K features a state-of-the-art convenience store with 20 fueling stations and a fuel island canopy. Circle K has a new 20-year Absolute NNN Ground Lease with six (6), 5-year renewal options.
ATTRACTIVE RENT INCREASES: The Absolute NNN Ground Lease calls for attractive 5% annual rent increases every five years throughout the primary lease term and at the start of each renewal option providing a steady increase in income and an attractive hedge against inflation.
STRATEGIC RETAIL LOCATION: The Property is well located at the signalized intersection of Main Street and US Highway 19, two of the area’s primary commercial and commuter corridors. The Property benefits from outstanding visibility and frontage with two points of access, and average daily traffic counts in excess of $120,000 vehicles per day. The property shares the intersection with the Countryside Mall and is surrounded by national retailers that drive traffic to the area. Additionally, densely populated residential neighborhoods provide a built-in customer base.
