Close of Escrow: Circle K in Laredo, TX

SIG is pleased to announce the recent Close of Escrow on Circle K located in Laredo, Texas.

Investment Highlights Include:

Brand New 20 Year Absolute NNN Lease – Zero Landlord Responsibilities
2% Annual Rent Increases
Four (4) x 5 Year Options to Renew
Blended CAP Rate of 7.59% Over Lease Term
Guarantor Supplied Over 130 Million Gallons of Fuel to Over 300 Locations During the 12-Month Period – Ended June 30, 2017
Guarantor Generated Over $13 Million in EBITDA in 2016
Guarantor Spending Over $250,000 in Capex at Site Rebranding to Chevron
Operator Operates 70 Circle K’s in 4 States
15 Year Accelerated Depreciation
Income Tax Free State
Hard Corner Directly Off Interstate 35 – 124,000 Vehicles Per Day at I-35 and Lafayette Street
Strong Demographics – Approximately 20,000 Residents Within a 5-Mile Radius