Overview

Description

A corporate absolute NNN ground lease Circle K located on a hard corner, signalized intersection in Haines City, a rapidly growing submarket of Lakeland.

Highlights

• Absolute NNN ground lease structure with a corporate signature, making this a passive investment opportunity for a hands-off investor
• Circle K is paying $23.71 SF (building rent metric), which is a lower rent than the majority of ground-leased convenience stores currently on market in Florida
• Scheduled rent increases at each option period, including ±12% in 2026, reflecting 6.50% cap at list price
• Circle K acquired this location from The Pantry, Inc, and the property has functioned as a c-store since it was constructed in 1991, with the lease being extended numerous times
• The subject property is well-positioned on a 4-way signalized hard corner intersection and is the only gas station at the intersection
• Visible to a combined average of 34,231 VPD
• Open 24-hours daily and features a Subway restaurant inside, providing for additional customer foot traffic
• Haines City benefits from convenient access to Interstate 4, which is a main interstate connecting Tampa, Lakeland and Orlando

Documents

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