New Port Richey, FL - Circle K

Description:

• New 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate signed by Circle K Stores, Inc.
• The ground lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option, increasing NOI and hedging against inflation
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Investor benefits from fee-simple ownership of the land
• Ideal, low-management investment for a passive investor in a state with no state income tax

• Strategically located off the signalized, hard corner intersection of Little Road and Trouble Creek Road with a combined 48,100 vehicles passing by daily
• The asset is located within close proximity to multiple housing developments: River Crossing, Park Lake Estates, Cattlemans Crossing, Southern Oaks, Hunters Ridge, River Side Village, and more, providing a direct consumer base from which to draw
• The immediate trade area is supported by several national/credit tenants such as Publix, Walmart Supercenter, Target, Marshalls, and more