Close of Escrow: Circle K in Laredo, TX

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

Closing Price: $639,097
Closing CAP:  6.25%

Listing Agent: Andrew Ackerman, Chris Sands and Rahill Lakhani (Buyer Broker)

For More Information Contact:

Andrew Ackerman
Lic #311619
770.626.0445
andrew@SIGnnn.com

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