Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Circle K at 10934 US-19 in Port Richey, Florida (“Property” or “Asset”). The Property is operating on an absolute NNN ground lease with ±14.7 years of primary lease term remaining, 10.0% rent escalations every 5 years and seven, five-year options.

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Attributes

Asking price

SEK 39,667,000

Cap rate

NOI

SEK 1,984,000

WAULT

14.7 years

Land area gross

1.14 ha

Building area net

483 m²

Year built

2025

Media

Investment Highlights

Long-term absolute NNN ground lease with ±14.7 years of primary term remaining
Investment grade tenancy ('BBB+) from world's 2^nd largest convenience store chain
Signalized intersection, hard corner with visibility to 57,000+ vehicles per day
Dense hotel corridor supporting steady stream of travelers and seasonal visitors
Pasco County is among Florida’s fastest-growing counties, adding 120,000 residents since 2020
12% population growth since 2010 within a 1-mile radius