Jim 'N Nick's - Huntsville, AL
2001 Four Mile Post Road Southeast, Huntsville, AL, 35802, US
822 sm
Description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the Circle K located at 2261 Cobbs Ford Road, Millbrook, Alabama ("Property" or "Asset"). Circle K currently operates under an investment-grade, corporate-backed 20-year absolute NNN ground lease with 11.7 years remaining on the 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
CA$4,370,000
Cap rate
5.5%
NOI
CA$241,000
WAULT
11.7 years
Building area gross
279 sm
Land area gross
0.71 ha
Media
Investment highlights
- Operating on an absolute NNN lease with ±12 years of lease term remaining
- Near-term 10% rental escalation in January 2027 resulting in a 55bps cap rate improvement
- Investment grade (BBB+) tenancy with global scale of 14,000+ locations
- Nearby top Alabama shopping centers such as the Prattville Town Center (#1 neighborhood center in the state)
- Occupies a heavily trafficked intersection of I-65 and Cobbs Ford Rd, providing access to 52,000+ vehicles daily
Contact brokers
Circle K - Millbrook, AL (0 Properties)
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Last updated
Jun 6, 2025
