Circle K - Covington, LA
1229 North Collins Boulevard, Covington, LA, 70433, US
1.967.000 € | 368 m²
Beschreibung
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.
LA Broker of Record: Buff Teague – LA License: 995683037-ASA
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Eigenschaften
Angebotspreis
4.422.000 €
Rendite
5,35 %
NOI
237.000 €
WAULT / DRMV
16.6 Jahre
Gebäudefläche netto
602 m²
Grundstücksfläche brutto
0,83 Hektar
Medien
Investment-Highlights
- Operating on an absolute NNN lease with ±16.6 years of lease term remaining
- Near-term 10% rental escalation in January 2027 resulting in a 50bps cap rate improvement
- Investment grade (BBB+) tenancy with global scale of 14,000+ locations
- Prime I-10 frontage with access to 43,000 vehicles per day
- Strong demand characteristics driven by 1-mile AHHI of $110K
- 10% upcoming rental escalation in January 2027
- Growing submarket with a 41% population increase within a 3-mile radius since 2010
Ihre Ansprechpartner
Circle K - Slidell, LA (0 Objekte)
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Zuletzt aktualisiert
24. Sept. 2025
