Circle K Net Lease Properties

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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.

• Circle K Corporately Guarantees the Lease and Has a Credit Rating of BBB (S&P)
• Circle K Recently Completed a Full Rebranding of the Property From Kangaroo Express to Circle K, Showing a Strong Commitment to the Site
• 10% Increases Every 5 Years Gives an Investor Great Income Growth
• Pandemic and Recession Resistant Tenant; C-Stores as a Product Type Have Shown Extremely Strong Sales Throughout the Pandemic
• Minimal Competition in the Area With No C-Stores at the Intersection and None Within a 2-Mile Radius
• Located on the Corner of W Mountain Street and Old Hollow Road Which See a Combined Traffic Counts of Over 24,800 Vehicles Per Day
• High Quality Real Estate Due to a Hard Signalized Corner With Excellent Ingress and Egress From Both Directions
• Average Household Income is $70,942 Within a 5-Mile Radius
• Nearby Tenants Include: Target, ALDI, Lowe’s, CVS Pharmacy, Kohl’s, Starbucks, Walmart Supercenter, Dollar Tree, McDonald’s, Taco Bell and More

In Cooperation With Sands Investment Group North Carolina, LLC Lic. # 29362

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Sands Investment Group is pleased to present this Absolute NNN store located in Opelika, Alabama.

• 10+ Years Remaining on a Absolute Triple Net (NNN) Lease – No Landlord Responsibilities
• Five (5), Five (5) Year Options & Two (2), Ten (10) Years Options to Renew
• Attractive Rental Increases – 1.5% Annually – Next Rent Increase is January 2019
• Strong Historical Occupancy – Tenant Has Been at Location Since 2007
• Corporate Guarantee From Circle K Stores, Inc. and Couche-Tard, Inc.
• Signalized Intersection with 15,420 Cars Passing Through the Intersection of N 6th Street and 2nd Avenue Daily
• Excellent Visibility and Exposure with Ingress and Egress From N 6th Street and 2nd Avenue
• Opelika/Auburn is the Fastest Growing MSA in Alabama
• Population Growth Expected by 7.4% Over the Next 5 Years Within a 3-Mile Radius
• Nearby Tenants Include: Dollar Tree, KFC, BB&T, PNC Bank, Burger King, Advance Auto Parts, Wendy’s and Many More

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Read additional thought leadership content from SIG, specializing in absolute triple net lease opportunities

 

• 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

In Cooperation with Sands Investment Group Austin, LLC – BoR: Max Freedman – Lic. # 9004706

 

• Brand New 20 Year Absolute NNN Lease – No Landlord Responsibilities
• 2% Annual Increases – Blended CAP Rate of 7.28% Over Lease Term
• Four (4) x 5-Year Options to Renew
• Guarantor Supplies Fuel to Over 300 Locations and 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
• Located at a Hard Corner Directly off US Business 83 with Traffic Counts of 20,000+ Cars Per Day
• Population of 101,000+ Within 5-Miles
• Adjacent to CVS and Whataburger

In Cooperation with Sands Investment Group Austin, LLC – Lic# 9004706

 

• 20 Year Absolute NNN Lease – No Landlord Responsibilities
• 2% Annual Bumps – Blended Cap Rate of 6.98% 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
• Tax Free State
• Hard Corner Directly Off Interstate 69E
• Strong Demographics – Population of 95,000+ Within 5-Miles
• Traffic Counts of 122,000+ Cars Per Day
• Select Neighboring Tenants Include: Lowe’s, Home Depot, Harbor Freight Tools, Discount Tire, Denny’s, Texas Roadhouse, Jack in the Box, Stripes and 7-Eleven

In Cooperation with Sands Investment Group Austin, LLC – Lic# 9004706

 

• 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

In Cooperation with Sands Investment Group Austin, LLC – Lic# 9004706

 

• 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

In Cooperation with Sands Investment Group Austin, LLC – Lic# 9004706

 

• Absolute NNN Ground Lease – Zero Landlord Responsibilities
• Brand New Construction
• 5% Rent Increase at Year 11 and 10% Increases at Each Option Period
• Four (5) Year Renewal Options
• Located Along Extremely Dense Retail Corridor
• Corner Site at Signalized Intersection of I-10 and Federal Road
• Strong Traffic Counts – 230,000 VPD Along I-10
• Population of Over 187,000 Within 5-Miles
• Excellent Access and Visibility – Access from Federal Road and East Freeway
• Neighboring Tenants Include: Burger King, Sonic, O’Reilly Auto Parts, AutoZone, Popeyes, Pizza Hut, Taco Bell, Speedy Cash and Family Dollar

In Cooperation with Sands Investment Group Austin, LLC – Lic# 9004706

 

• Absolute Triple Net Lease with Zero Landlord Responsibilities
• Two (2) x Five (5) Year Options to Extend
• Corporate Guaranty from Circle K
• The Circle K Brand is Owned by Alimentation Couche-Tard Inc. with a Total Network of Over 12,000 Stores Nationwide
• Couche-Tard Recently Consolidated All Circle K, Statoil, Mac’s and Kangaroo Express Retail Brands Under One Refreshed Global Banner as “Circle K”
• Strong Store Sales – Numbers Available Upon Request
• Very Low and Sustainable Rent-to-Sales Ratio
• High Traffic Counts Along Bell Road with Over 38,000 VPD
• Recently Extended Lease Showing Commitment to Location
• In Cooperation with RDO Investments, LLC Lic # LC637047000