Corporate Circle K Gas and Convenience Store w/Two Years Remaining. C-Store, Gas Station & Car Wash – 6 Fueling Positions with 12 Pumps | Additional 6 Diesel Pumps. 2016 Remodel – New Signage on Convenience Store, Gas Station, and Car Wash.
Newly constructed in 2020, this NNN ground lease with Popeyes features a fifteen (15) year lease term with 10% rent bumps in years 6 and 11, and three (3) five-year options to renew, each with 10% increases.
Brand New 2020 Construction. 15-Year Absolute NNN Ground Lease w/ 10% Bumps Every 5-Yrs. Traffic Counts Exceed 42,500 Vehicles Per Day. Located on Hard Corner at Busy Signalized Intersection. Average Household Income Exceeds $85,000 (1-Mile Radius). 9.0% Expected Population Growth Over the Next 5-Years.
Store opened in May 2020 with no covid-related rent relief request due to strong drive-thru and delivery business. Class A new prototype construction and a long term absolute triple net lease with built-in rent bumps and multiple renewal options. Popular and expanding QSR brand with hundreds of locations in almost a dozen states.
New 20 years lease extension during pandemic. Zero landlord obligations. 100% fee simple interest. Scheduled increases in rent. Strong and experienced operator of 122 units. Established tenancy at this location – four Decades of operational history.