Circle K - Slidell, LA_Property for Sale
Circle K - Slidell, LA_Property for Sale
2000 Oak Harbor Blvd, Slidell, LA, 70461, US

Circle K - Slidell, LA

Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the Circle K located at 2000 Oak Harbor Blvd. in Slidell, LA ("Property" or "Asset"). Circle K currently operates under an investment-grade, corporate-backed 20-year absolute NNN ground lease with 16.6 years of remaining term. The lease features attractive 10% rent increases every 5 years and includes six 5-year renewal options, and zero landlord responsibilities.

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Attributes

Asking price
A$7,914,000
Cap rate
5.35%
NOI
A$424,000
WAULT
16.6 years
Building area net
602 m²
Land area gross
0.83 ha

Media

Investment Highlights

  1. Operating on an absolute NNN lease with ±16.6 years of lease term remaining
  2. Near-term 10% rental escalation in January 2027 resulting in a 50bps cap rate improvement
  3. Investment grade (BBB+) tenancy with global scale of 14,000+ locations
  4. Prime I-10 frontage with access to 43,000 vehicles per day
  5. Strong demand characteristics driven by 1-mile AHHI of $110K
  6. 10% upcoming rental escalation in January 2027
  7. Growing submarket with a 41% population increase within a 3-mile radius since 2010
Circle K - Slidell, LA 4_Property for Sale
Circle K - Slidell, LA 4_Property for Sale

Contact brokers

Circle K - Slidell, LA (0 Properties)

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Last updated
6 Jun 2025