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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Caractéristiques de l'actif

Prix attendu

4 398 000 €

Taux de capitalisation

5,35 %

Revenu net

236 000 €

WALT

16.6 années

Surface de l'actif Net

602 m²

Taille du terrain Brut

0,83 hectare

Média

Points clés d'investissement

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