Jacksonville, FL - Circle K (103rd St)

Description:

• New 15-year ground lease with 5 (5-year) options to extend, showing their long term commitment to this location
• The lease is corporate signed by Circle K Stores, Inc., an investment grade tenant with a S&P: BBB rating
• The lease features a 5% rental increases every 5 years and at the beginning of each option thereafter, providing a hedge against future inflation while generating NOI

• Circle K is located at the signalized, hard corner intersection of 103rd Street & Samaritan Way averaging 56,700 VPD
• The immediate trade area along 103rd Street features retailers such as Family Dollar, Publix, Planet Fitness, and more
• The site is an outparcel to The Villas at Bishops Oaks, a new home development from Century Communities, one of the nation’s top 10 homebuilders. Conveniently situated near I-10 and I-295, the Villas at Bishop Oaks offers an easy commute to downtown Jacksonville, Jacksonville Naval Air Station, Oakleaf Town Center, and more
• Across from Bent Creek Golf Course and half a block from Bishop John Snyder High School, providing direct consumer bases from which to draw