Starbucks - Huntsville, AL
740 Constellation Dr, Huntsville, AL, 35801, US
HK$20,802,000 | 2,475 sf
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.
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Attributes
Asking price
HK$19,625,000
Cap rate
6%
NOI
HK$1,178,000
Building area net
1,500 sf
Land area gross
1.27 acres
WAULT
11.7 years
Media
Investment Highlights
- 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
Contact brokers
Circle K - Montgomery, AL (Atlanta Hwy) (0 Properties)
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Last updated
6 Jun 2025
