Close of Escrow: Circle K in Pharr, TX

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

Closing Price: $1,310,375
Closing CAP:  6.75%

Listing Agent: Andrew Ackerman and Chris Sands

For More Information Contact:

Andrew Ackerman
Lic #311619

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