Net Leased Corporate Circle K

Highlights:

• New 15-Year Absolute NNN Ground Lease
• Corporate Guarantee with No Landlord Responsibilities
• Large 1.85 Acre Parcel and Part of the 24-Acre NorthPointe Imperial Commercial Project
• Principal Arterial Highway Location at Signalized Intersection
• Growing Community with the Highest Average Household Income in the County
• Brand New Construction - December 2026 Opening

Description:

The subject property is an opportunity to acquire a new, single tenant corporate Circle K along Highway 86 in Imperial, CA. The property is currently under construction by Circle K with a projected opening date in December 2026. Upon completion, Circle K will commence a new 15-year lease with 6 x 5-year options. The lease is structured as an absolute NNN ground lease, with no landlord responsibilities, and includes 10% rent increases every 5 years during the initial term and option periods.

The property is located at a hard-corner, signalized intersection along Highway 86, a main arterial highway with approx. 20,000 cars per day connecting Imperial County and the Coachella Valley. Situated on a large lot of 1.85 AC, the site will carry 12 fueling positions across 6 dispensers, a 5,200 SF C-store with ABC license, a 1,458 SF car wash tunnel, and EV charging stations.

Circle K also benefits from being a part of the larger NorthPointe Imperial project-- a 24 AC commercial development with a new 108-room Cambria Hotel; 46,000 SF Innercare medical facility; Corazo Credit Union; proposed restaurant pads; and a proposed 80,000 SF sports & entertainment facility.

As the fastest-growing city in the region, the City of Imperial has a population of approx. 22,000 and boasts the highest average household income in all of Imperial County. With new home subdivisions and top performing schools, the City of Imperial has continued to see an influx of growth and has become the premier community for many families in the region.