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31345531
31345532

6629 Jonesboro Rd, Morrow, GA 30260 For Sale

RD
NY 10401279699
SRS Real Estate Partners New York
Listed by SRS Real Estate Partners New York
$6,525,000
113 days on market
Updated 5 days ago

Circle K

Details
APN 12-112A-A-028
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,275
Cap Rate 5.6%
NOI $365,400
Occupancy 100%
Tenancy Single
Brand/Tenant Circle K
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 11/30/2044
Remaining Term 18.4
Rent Bumps Yes
Lease Options 4 (5-Year)
Broker Co-Op Yes
Year Built 2018
Buildings 1
Stories 1
Acreage 0.900
Zoning General Business District (BG)
Parking Spaces 8 spaces
Parking per 1,000 SqFt 1.87
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 11/08/2024
Ownership Fee Simple

Retail | 5.60% CAP | 4,275 SqFt

Marketing description

SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in an Absolute NNN leased Circle K investment property. The asset features over 18 years of remaining primary term with four (5-year) renewal options, providing long-term income stability. The lease includes 1.5% annual rental increases throughout the primary term and option periods, supporting steady NOI growth and offering a hedge against inflation. The

store ranks in the 84th percentile nationally and 94th percentile in Georgia among comparable Circle K locations, according to Placer.ai. The lease is backed by a guaranty from Gas Express LLC, the largest Circle K franchisee in the United States with more than 190 units. The lease structure is Absolute NNN with zero landlord responsibilities, making it an ideal management-free investment for an out-of-state investor.

The asset is positioned at the signalized hard corner intersection of Jonesboro Rd (38,500 VPD) and Southlake Pkwy and is located just off I-75 (174,000 VPD), providing excellent visibility, access, and regional connectivity. The property is strategically located within a prime retail node surrounded by national retailers including Costco Wholesale, Publix, and Walmart Supercenter, among others. Within walking distance of additional major retail destinations such as Southlake Festival and Southlake Mall, a super-regional mall featuring national tenants including Macy’s, Hot Topic, and H&M, and generating approximately 2.7 million annual visits. This concentration of retail destinations drives strong consumer traffic and promotes cross-shopping to the subject property. The 5-mile trade area is supported by more than 194,800 residents and 64,000 employees, with an average household income of $73,068

Investment highlights

  • 18+ Years Remaining | Options To Extend | Top-Performing Store | 1.5% Annual Rental Increases | Strong Franchisee Guaranty
  • Absolute NNN | Zero Landlord Responsibilities
  • Signalized Hard Corner Intersection | Just Off I-75 (174,000 VPD)
  • Prime Retail Node | Proximity To Major Retail Destinations
  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

RD
NY 10401279699
SRS Real Estate Partners New York
Listed by SRS Real Estate Partners New York

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$365,400.00
$30,450.00/mo

Valuation Metrics

0
DSCR
5.6%
Cap Rate
5.6%
ROI

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Additional Information

Name
Michael Berk
License
GA License No. 82412
Brokerage
SRS National Net Lease Group LP
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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