request_info_guest false

Odessa, FL - Circle K

$4,100,000

NWC. SR-54 & Asturian Parkway, Odessa, FL 33556

Active
Last Updated: 01/23/2025

5

Cap Rate

205,000

NOI

Details:
Cap Rate:    5%
NOI:    $205,000
Building Size:    5,200 sqft
Lot Area:    1.73 acres
Occupancy:    1%
Year Built:    2025
Description:

• Brand new 15-year lease with 7 (5-year) options to extend and 5% rental increases every 5 years throughout the initial term and during option periods
• The lease is corporate signed by Circle K, an established c-store and gas station operator with 6,958+ stores in the United States as of June 2024
• 2024 construction that will feature high quality materials, distinct design elements, and high-level finishes

• Circle K is ideally fronting SR-54 averaging 62,000 VPD, a major retail and commuter thoroughfare serving the Tampa MSA
• Just West off Suncoast Pkwy (54,800 VPD), allowing users to benefit from on/off ramp access to the site and surrounding Tampa MSA trade areas
• Positioned just East of Starkey Ranch - a master planned community
that includes home builders such as Taylor Morrison (630-homes), Pulte (265-homes), and M/I (460-homes).

Map:
Location
Gallery