Savannah, GA - Circle K
$2,990,400
NEC Chatham Pkwy & Chatham Center Drive S, Savannah, GA 31405
5.25
Cap Rate
156,996
NOI
Details:
Description:
• Brand new 15-year lease with 7 (5-year) options to extend and 5% rental increases every 5 years
• The lease is corporate signed by Circle K, an established c-store and gas station operator with 6,847+ stores in the United States as of February 08, 2024
• Circle K is located off the signalized, hard corner intersection of Chatham Center S and Chatham Parkway
• Directly off Interstate 16 (67,300 VPD), allowing users to benefit from direct on/off ramp access to the site and surrounding trade areas
• There are 6 car dealerships within a 1-mile radius of the subject property, providing a direct consumer base from which to draw
• The asset has excellent visibility and multiple points of ingress/egress
Location
Gallery
