CIRCLE K (SALE-LEASEBACK)

STRONG REAL ESTATE FUNDAMENTALS

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  Affluent, dense & high growth northern metro of Atlanta
  • Avg. Household Incomes: $119.5k (1-Mi); $107.7k (3-Mi); $112.8k (5-Mi)
  • Population: 6k (1-Mi); 53k (3-Mi); 139k (5-Mi)
  • Pop. growth since 2000: 5.6% (1-Mi), 9.7% (3-Mi); 12% (5-Mi)

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  Located at a signalized intersection with multiple points of ingress/egress

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  Large parcel size of ±1.88 acres

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  Latest Circle K design with drive-thru endcap suite

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  Limited surrounding gas/c-store competition – only nationally branded c-store in 2-mile radius

OPTIMAL LEASE STRUCTURE

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  Rare 20-year base term

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  Four, 5-year renewal options

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  Inflation hedge with 1.5% rent escalations every year through the entire lease

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  Absolute triple net (NNN) with NO landlord responsibilities

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  Tax advantages with accelerated & bonus depreciation due to fee simple ownership

LARGE FRANCHISEE & DOMINANT BRAND

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  Largest Alimentation Couche-Tard franchisee in US

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  Expanding 200+ unit operator across 6 states (AL, AR, GA, LA, SC, TN)

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  Currently operate 70+ locations in GA

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  30+ year operating history

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  HQ in Atlanta, GA

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  Alimentation Couche-Tard is an international brand with 15,000+ locations in 20 countries (corporate)

ATLANTA MSA ADVANTAGE

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  Atlanta metro has the 5th largest population in the US with 5.9+ million residents

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  31 companies with headquarters in Atlanta MSA are among the 2024 Fortune 1000

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  15 ranked in the elite Fortune 500

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  Georgia has been named the #1 state for business climate and for doing business for the last 6 years (Site Selection & Area Development)

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  For the last 5 years, Atlanta has been among the top 5 metro areas in the nation for most net migration

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  Major industries include financial services, technology and telecommunications

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  Forbes Rankings:
  • #13 Best Places for Business and Careers, #34 in Job Growth & #41 in Education
  • #34 in Job Growth
  • #41 in Education