Jim 'N Nick's - Huntsville, AL
2001 Four Mile Post Road Southeast, Huntsville, AL, 35802, US
822 vierkante meter
Beschrijving
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the new construction Circle K located at 1220 Perry Hill Rd in Montgomery, AL (“Property” or “Asset”). Circle K currently operates under an investment-grade, corporate-backed 20-year absolute NNN ground lease with 16.7 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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Kenmerken
Vraagprijs
€ 3.968.000
Cap rate
5,35%
NOI
€ 213.000
WAULT
16.7 jaren
Bruto gebouwoppervlakte
408 vierkante meter
Bouwjaar
2022
Bruto landoppervlakte
0,45 ha
Media
Investeringskenmerken
- Operating on an absolute NNN lease with ±16 years of lease term remaining
- 2022 construction in Montgomery's largest retail submarket (14.9M SF inventory)
- 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-85 frontage 3-miles from downtown Montgomery with access to 110,000 vehicles per day
Contact adviseurs
Circle K - Montgomery, AL (Perry Hill) (0 Eigendommen)
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Laatst bijgewerkt
6 jun 2025
