Circle K
Net Lease
890 US 64, Pelham, Tennessee
Ownership Type:
Fee Simple
Landlord Responsibilities:
None
Renewal Options:
7, 5 Year
Building Sq. Ft.:
5,650 SF
Rent Increases:
7% Every 5 Years
Investment Highlights
- Long-Term Absolute NNN Ground Lease: Brand new 15-year absolute NNN ground lease featuring zero landlord responsibilities and seven (7) options to extend, providing long-term stability and predictable cash flow.
- Corporate Guarantee: The lease is guaranteed by Circle K, providing investors with the strength and stability of a global, investment-grade convenience retail operator with over 14,000 locations worldwide.
- Truck Stop Location: The site offers commercial fuel to support the daily traffic along Interstate 24, which is in excess of 16,000 Trucks and 55,000 VPD.
- Newly Constructed C Store: The property features a brand-new, purpose-built construction designed to Circle K’s latest prototype standards, ensuring modern design, efficient layout, and minimal near-term capital needs.
- Prime Interstate Access: The property benefits from direct proximity to Interstate 24, offering exceptional visibility and convenient access along US Highway 64 in Pelham, Tennessee. This strategic location ensures strong connectivity to regional traffic corridors and steady customer flow.
- Expansive 4.18± Acre Site: The property sits on a spacious 4.18± acre parcel, providing ample parking, easy truck circulation, and long-term real estate flexibility.
Ownership Type:
Fee Simple
Landlord Responsibilities:
None
Renewal Options:
7, 5 Year
Building Sq. Ft.:
5,650 SF
Rent Increases:
7% Every 5 Years
