Circle K Ground Lease | Pensacola, FL
Infill Pensacola Site | New 15-Year Abs NNN Lease | Across from Walmart Center
Marketing description
New 15-year absolute NNN ground lease to Circle K, one of the largest chains of company-owned convenience stores in the U.S.
5% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth.
Tenant covers all taxes, insurance, maintenance, roof, structure, and parking lot, providing a fully passive investment.
Circle K operates more than 16,000 locations globally, demonstrating financial stability and brand resilience.
Circle K is experiencing growth in various areas, including store count, in-store offerings, and fuel site rebranding.
Investment highlights
Prime Retail Location: High-visibility and easily accessible location at the signalized four-way intersection of Creighton Road and Tippin Avenue, allowing for prime site visibility (combined 29K+ AADT).
Circle K Backing: Circle K operates more than 16,000 locations globally, demonstrating financial stability and brand resilience.
Ideal Demographic Base: The five-mile radius serves a populous region of 113,144, with an average annual household income of $105,834 within three miles.
Cordova Mall: Two miles from Cordova Mall, the largest and most upscale shopping center in the Pensacola area, anchored by Belk, Dillard’s, Dick’s Sporting Goods, and Best Buy.
Pensacola International Airport: Located immediately north of Pensacola International Airport, which welcomed a record-breaking 3 million+ passengers in 2024 and has experienced a 104% increase in both travelers and flights over the last decade.
Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Circle K and Pensacola for steady concurrent growth.
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