1229 North Collins Boulevard, Covington, LA, 70433, US

Circle K - Covington, LA

Descrição

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the brand-new construction Circle K located at 1229 N Collins Blvd. in Covington, LA ("Property" or "Asset"). Circle K currently operates under an investment-grade, corporate-backed 15-year absolute NNN ground lease with 14.7 years of remaining term. The lease features attractive 10% rent increases every 5 years and includes nine 5-year renewal options, and zero landlord responsibilities.

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Atributos

Preço pedido

€ 1.956.000

Taxa de capitalização

5,25%

NOI

€ 103.000

Ano de construção

2024

WAULT

14.7 anos

Área de construção líquida

368 m²

Área de terreno bruta

0,78 ha

Mídia

Destaques do investimento

Brand new construction, absolute NNN lease with ±15 years of lease term remaining
Investment grade (BBB+) tenancy with global scale of 14,000+ locations
Prime Hwy 190 frontage with access to 31,000 vehicles per day
Strong demand characteristics driven by 5-mile AHHI of $107K
Growing submarket with a 26% population increase within a -mile radius since 2010