Sands Investment Group is Pleased to Present For Sale the Circle K Absolute NNN Located in Pensacola, Florida. Circle K Has Occupied the Site For Over 37 Years and Has Exercised Their First of Two (2) Options to Extend the Lease For 10 Years With 5% Increases Every Five (5) Years. The Property Consists of a 2,903 SF Convenience Store on an Estimated 0.64 Acre Parcel of Land. This Offering Presents the Opportunity to Acquire a Well Located C&G Asset, Backed By Investment Grade Credit, With Zero Landlord responsibility and a Growing NOI, Providing For a Hedge Against Inflation.
- 6+ Years Remaining on the First of Two (2) Option Periods With 5% Rental Increases Every 5 Years
- Long-Term Operating History; Tenant Has Been at This Site For Over 37 Years, Showing Commitment to the Site
- Absolute Triple Net (NNN) Lease Providing For No Landlord Responsibility
- Alimentation Couche-Tard, the Parent Company of Circle K Stores, Inc., Operates More Than 14,100 Convenience Store Across 26 Countries Worldwide
- Corporate Lease Guarantee From Circle K Stores, Inc.
- Investment Grade Credit: S&P “BBB” Bond Rating
- Hard Corner Location at the Signalized Intersection of N Pace Boulevard (19,091 VPD) and W Fairfield Drive (35,760 VPD)
- Approximately 3.5-Miles From Pensacola International Airport
- Nearby Baptist Hospital – A 492 Bed State-Certified Level II Trauma Center
- Major Tourist Destination – Pensacola, FL is Home to 18-Miles of Sugar White Sand Beaches Florida is an Income Tax-Free State
In Cooperation With SIG RE Services, LLC – Lic. #CQ1055229 BoR: Andrew Ackerman – Lic. FL #BK3369953
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