Arcadia, FL - Circle K

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Circle K investment property located in Arcadia, Florida. The tenant, Circle K, has over 6 years remaining on their initial lease with 2 (5-year) and 2 (10-year) options to extend, demonstrating their commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Circle K is a subsidiary of Alimentation Couche-Tard is a global leader in convenience and mobility, operating in 31 countries and territories, with more than 16,700 stores, of which almost 13,100 offer road transportation fuel.

The subject property is located between S. Desoto Ave and S Brevard Ave which combined average 17,200 vehicles passing by daily. The asset is located in a dense retail corridor, with numerous nearby national/credit tenants including Truist, Publix, Walgreens ,Chili’s, Culver’s, Anytime Fitness, Dollar General, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the site is in close proximity to West Elementary School (795 students), Desoto Middle School (1,169 students), and Desoto County High School (1,259 students), further increasing consumer traffic to the immediate trade area. The 5-mile trade area is supported by a population of over 22,000 residents and 7,000 employees. Residents within a 5-mile trade radius of the subject property have an average household income of $55,364.