Listed by SRS Real Estate Partners New York
$3,160,000
Circle K
Details
APN R000218543
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 3,000
Cap Rate 5%
NOI $158,000
Tenancy Single
Brand/Tenant Circle K
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/31/2046
Remaining Term 20.2
Rent Bumps Yes
Lease Options 10 (Up To 5-Year)
Class A
Year Built 2026
Acreage 1.000
Zoning Regional Retail District (RR)
Parking Spaces 20 spaces
Parking Per SqFt 6.67
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 09/01/2026
Ground Lease Yes
Ownership Leased Fee (Land Ownership)
Retail | 5.00% CAP | 3,000 SqFt
Investment highlights
- New 20-Year Lease | Corporate Signature | Options To Extend | Scheduled 8% Rental Increases | 2026 Construction
- Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Major Retail Anchors | Entertainment Destinations
- Proximity To Community Anchors | Midland College (7,300+ Students) | Medical Office Demand
- Signalized, Hard Corner Intersection | Near W Loop 250 (77,600 VPD)
- Direct Residential Consumer Base | Strong Demographics | $150K+ AHHI | Major Employment Drivers
Listing Contacts
Listed by SRS Real Estate Partners New York
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$158,000.00
$13,166.67/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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