Circle K - Montgomery, AL (Atlanta Hwy)_Actifs en vente

9250 Atlanta Highway, Montgomery, AL, 36117, US

Circle K - Montgomery, AL (Atlanta Hwy)

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the Circle K located at 9250 Atlanta Highway (“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, ensuring long-term tenancy potential. Notably, the lease stipulates zero landlord responsibilities, eliminating management obligations for the property owner.

AL Broker of Record: Buff Teague – AL License: AL-83353-0

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Caractéristiques de l'actif

Prix attendu

2 161 000 €

Taux de capitalisation

6 %

Revenu net

130 000 €

Surface de l'actif Net

139 m²

Taille du terrain Brut

0,51 hectare

WALT

11.7 années

Média

Points clés d'investissement

Operating on an absolute NNN lease with ±12 years of lease term remaining
Investment grade (BBB+) tenancy with global scale of 14,000+ locations
Near-term 10% rental escalation in January 2027 resulting in a 60bps cap rate improvement
Prime I-85 frontage with access to 52,000 vehicles per day
Strong market demand stemming from proximity to Alabama's 5th most visited shopping center (3.4M annual visits) and a robust $120K AHHI within a 3-mile radius