Close of Escrow: Circle K in Pharr, TX

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

Investment Highlights Include:

Brand New 20 Year Absolute NNN Lease – Zero Landlord Responsibilities
2% Annual Bumps – Blended Cap Rate of 7.28% Over Lease Term
Four (4) x 5-Year Renewal Options
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 US Route 281 with Traffic Counts of 19,000+ Cars Per Day
Strong Demographics – Population of 190,852+ Within 5-Miles