Tenant: Circle K | Kernersville, NC
Premises: 2,400 SF
Renewal Options: 4 x 5 Years
Lease Expiration: 5/31/2025
Rental Increases: 10% Every 5 Years
Sands Investment Group is Pleased to Present Exclusively For Sale the 2,400 SF Circle K Absolute NNN Fee Simple Lease Investment Opportunity Located at 2010 W Mountain Street in Kernersville, North Carolina. With Over 4 Years Remaining on an Absolute NNN Lease and Attractive Rent Increases, This Opportunity Provides For a High-Quality Investment With Income Growth and Below Market Rent of a Strong Credit (S&P: BBB) Tenant In a Desirable North Carolina Market.
In Cooperation With Sands Investment Group North Carolina, LLC Lic. # 29362
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
Circle K Stores are owned by Alimentation Couche-Tard, the largest convenience store operator in Canada. Circle K’s success in the convenience retailing industry spans more than 60 years. Back in 1951 when Fred Hervey purchased three Kay’s Food Stores in El Paso, Texas, little did anyone know these stores would serve as the beginning of Circle K, now, a proudly Canadian company.
A new milestone was attained in 1999 when Alimentation Couche-Tard acquired Mac’s Convenience Stores and became the largest national convenience store network in Canada – a distinction it still proudly holds today. Couche-Tard launched into the US market with the acquisition of Circle K stores in 2003 and has since developed into a global brand represented in over 10 countries.
Circle K has become one of the most widely recognized convenience store brands in the world, known for quality products and great customer service. We’ve come a long way since our humble beginnings, and we’re proud of where we’ve been and where we’re going. Under licensing agreements, more than 2,220 stores are operated under the Circle K banner in 14 other countries and territories (China, Costa Rica, Egypt, Guam, Honduras, Hong Kong, Indonesia, Macau, Malaysia, Mexico, the Philippines, Saudi Arabia, the United Arab Emirates and Vietnam), which brings the worldwide total network to more than 14,200 stores.
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