Close of Escrow: Circle K in McAllen, TX

SIG is pleased to announce the closing of Circle K in McAllen, 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 6.86% 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 with Strong Traffic Counts – Over 162,000 VPD
Strong Demographics – Population of 222,000+ Within 5-Miles
Select Neighboring National Tenants Include: Starbucks, 7-Eleven, IHOP, Big Lots, Stripes and La Plaza Mall