Crestview, FL - Circle K

Description:

• Operating under a 15-year ground lease with 8 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features a corporate signature by Circle K Stores, Inc. (S&P: BBB)
• The ground lease features 5% rental increases every 5 years and at the beginning of each option period to extend the lease

• The property is located on the same intersection as a new construction Publix-anchored shopping center, promoting cross-traffic while not being encumbered by any Publix-related use restrictions
• The Publix is ranked as the number 1 grocer within a 15-mile radius and in the 87th percentile of all Publix stores nationwide (Placer.ai)
• Adjacent to Crestview Marketplace, a Winn-Dixie anchored shopping center that features Verizon, McDonald’s, and more
• Less than a mile West of the subject site, there are two new developments underway that will feature 250 apartment units and 165 single family homes (see Page 9 for more details)
• Next to Davidson Middle School, providing an additional consumer base from which to draw