Listed by Realty Link LLC
$1,850,000
Well known Circle K with +25 years of occupancy + 1.08 acres of developable land
Details
Property Type Retail, Land
Sub Type Convenience Store, Commercial
Square Footage 2,498
Cap Rate 4.50%
NOI $78,750
Tenancy Single
Brand/Tenant Circle K
Lease Expiration 04/30/2027
Rent Bumps Yes
Lease Options 4 additional extensions of 5 years available to tenant
Year Built 1992
Acreage 2.270
Zoning General Commercial - Town of McClellanville
Investment Type Net Lease
Ground Lease Yes
Retail | 4.50% CAP | 2,498 SqFt
Marketing description
Great location for Circle K. Circle K is on a land lease with zero landlord obligations. Current term ends 4/30/2027. 4 additional extensions of 5 years available to tenant. Stable location with significant barriers to entry for competition. Located at a light. C-Store has Diesel and Kerosene pumps. THERE IS AN ADDITIONAL 1.08 ACRES OF DEVELOPABLE LAND INCLUDED WITH THIS SALE TOTALING 2.27 ACRES.
Lot 1: Land with Circle K - 1.19 Acres
Lot 2: Undeveloped Parcel - 1.08 Acres
Along highway 17N. Primary artery to Myrtle Beach and the Eastern Seaboard.
Investment highlights
- Great location for Circle K
- Circle K is on a land lease with zero landlord obligations
- Current term ends 4/30/2027
- 4 additional extensions of 5 years available to tenant
- Stable location with significant barriers to entry for competition
- Located at a light
- C-Store has Diesel and Kerosene pumps
- There is an additional 1.08 acres of developable land included with this sale totaling 2.27 acres
- Lot 1: Land with Circle K - 1.19 Acres
- Lot 2: Undeveloped Land - 1.08 Acres
Listing Contacts
Listed by Realty Link LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,750.00
$6,562.50/mo
Valuation Metrics
0
DSCR
4.26%
Cap Rate
4.26%
ROI
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