Circle K | Absolute Triple Net (NNN) | FOR SALE

Description:

STRONG REAL ESTATE FUNDAMENTALS
• Strategically located ±0.5 miles off I-85, the main interstate connecting Atlanta, GA to Greenville, SC
• Highway 441 provides direct connectivity to Athens, GA and the University of Georgia (UGA) which is ±22 miles south of the subject property
• UGA has 41,615+ student and ±10,740 employees
• Athens hosts 100,000+ people during football weekends
• Robust retail submarket with 2.2 MM SF and low vacancy rate of 3.2%
• Subject property is less than 2 miles from Tanger Outlets Commerce, a ±371,408 SF outlet mall with more than 70 outlets
• Regional shopping destination which pulls from a 60-mile radius
• Jackson County is 1 of 4 fastest growing counties in US per US Census Bureau


OPTIMAL LEASE STRUCTURE
• Rare 20-year base term
• Four, 5-year renewal options
• Inflation hedge with 1.5% rent escalations every year through the entire lease
• Absolute triple net (NNN) with no landlord responsibilities
• Tax advantages with accelerated & bonus depreciation due to fee simple ownership

ATLANTA MSA ADVANTAGE
• Atlanta metro has the 5th largest population in the US with 5.9+ million residents
• 30 companies with HQ in metro Atlanta are among the 2020 Fortune 1000
• 16 ranked in the elite Fortune 500
• Georgia has been named the #1 state for business climate and for doing business for the last 6 years (Site Selection & Area Development)
• For the last 5 years, Atlanta has been among the top 5 metro areas in the nation for most net migration
• Major industries include financial services, technology and telecommunications
• Forbes Rankings:
• #13 Best Places for Business and Careers
• #34 in Job Growth
• #41 in Education

LARGE FRANCHISEE & DOMINANT BRAND
• Largest Alimentation Couche-Tard franchisee in US
• Expanding 200+ unit operator across 6 states (AL, AR, GA, LA, SC, TN)
• Currently operate 70+ locations in GA, 26+ year operating history, and headquartered in Atlanta, GA
• Alimentation Couche-Tard is an international brand with 15,000+ locations in 20 countries (corporate)

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