Midland, TX - Circle K

Description:

• Brand new 20-year lease with ten (10) renewal options of up to five years, demonstrating long-term commitment to the site
• 8% rental increases every five years throughout the initial term and option periods support NOI growth and provide a built-in hedge against inflation
• The lease features a corporate signature from Circle K Stores Inc., the corporate entity behind Circle K, an established convenience store and gas station operator with 6,846 locations in the United States as of March 2026
• Brand new 2026 construction featuring high-quality materials, modern design elements, and institutional-quality finishes

• The subject property is situated within a dense retail corridor surrounded by numerous national brands including Walmart Supercenter, Target, The Home Depot, and others
• In close proximity to additional retail anchors including Midland Park Mall (2.3 million annual visits) and Cornerstone Shopping Center (1.4 million annual visits)
• The corridor also benefits from new entertainment destinations including Cinergy Tall City, a 98,000+ SF entertainment venue featuring indoor karting, boutique bowling, dine-in theaters, and arcade attractions, as well as Bowlero Midland, a 32-lane bowling and entertainment center
• Strong retail density combined with nearby entertainment destinations and major retail anchors drives consistent consumer traffic and promotes cross-shopping activity at the subject property

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Listing ID: a28TP000002lY57YAE