Log In/Sign Up
Your email has been sent.
Circle K 1035 Julian Rd 3,963 SF 4-Star Retail Building Salisbury, NC 28146 $3,043,000 ($767.85/SF) 4.60% Cap Rate
Investment Highlights
- CORPORATE GUARANTEE FROM STRONG CREDIT TENANT
- STRONG LEASE FUNDAMENTALS
- LOCATED IN A DENSE RETAIL NODE
Executive Summary
STRONG LEASE FUNDAMENTALS
- 15 Year Ground Lease
- Six (6) x five (5) year extension periods
- 5% rental increase in year 5 and a 7.5% increase in year 10
- 7.5% increases in extension periods
- Zero Landlord Responsibilities
CORPORATE GUARANTEE FROM STRONG CREDIT TENANT
- Circle K is a subsidiary of Alimentation Couche-Tard (2024 Revenue: $74.17B; Market Cap: $47.17B), one of the world’s largest convenience store operators, with a presence in over 25 countries and territories
- It owns and operates more than 14,400 stores globally, including the well-known Circle K, Couche-Tard, and Ingo brands
GREAT VISIBILITY OFF OF I-85
- Site is positioned on a hard corner of the Rowan Summit Shopping Center
- Just two tenths of a mile from the busy interstate I-85 (90K VPD)
- The first C-Store located off of exit 75 from the commuter interstate
NEARBY ECONOMIC DRIVERS
- Just 1.5 miles from the site is RowanCabarrus Community College with just under 7,000 students and more than 300 full time employees
- Located 3.5 miles from the site is the Mid-Carolina Regional Airport which supports more than 850 jobs and sees more than 50,000 flights a year
LOCATED IN A DENSE RETAIL NODE
- Within a 1-mile radius of the site is more than 709K SF of retail space
- Nearby national retail tenants include: Dick’s Sporting Goods, Belk, Kohl’s, Five Below, Hobby Lobby, Burlington, HomeGoods, and more
NEW CONSTRUCTION
- The Building has recently been built to suit the tenant’s specifications
- Tenant has paid to add specific capital improvements to enhance operational performance
- 15 Year Ground Lease
- Six (6) x five (5) year extension periods
- 5% rental increase in year 5 and a 7.5% increase in year 10
- 7.5% increases in extension periods
- Zero Landlord Responsibilities
CORPORATE GUARANTEE FROM STRONG CREDIT TENANT
- Circle K is a subsidiary of Alimentation Couche-Tard (2024 Revenue: $74.17B; Market Cap: $47.17B), one of the world’s largest convenience store operators, with a presence in over 25 countries and territories
- It owns and operates more than 14,400 stores globally, including the well-known Circle K, Couche-Tard, and Ingo brands
GREAT VISIBILITY OFF OF I-85
- Site is positioned on a hard corner of the Rowan Summit Shopping Center
- Just two tenths of a mile from the busy interstate I-85 (90K VPD)
- The first C-Store located off of exit 75 from the commuter interstate
NEARBY ECONOMIC DRIVERS
- Just 1.5 miles from the site is RowanCabarrus Community College with just under 7,000 students and more than 300 full time employees
- Located 3.5 miles from the site is the Mid-Carolina Regional Airport which supports more than 850 jobs and sees more than 50,000 flights a year
LOCATED IN A DENSE RETAIL NODE
- Within a 1-mile radius of the site is more than 709K SF of retail space
- Nearby national retail tenants include: Dick’s Sporting Goods, Belk, Kohl’s, Five Below, Hobby Lobby, Burlington, HomeGoods, and more
NEW CONSTRUCTION
- The Building has recently been built to suit the tenant’s specifications
- Tenant has paid to add specific capital improvements to enhance operational performance
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,963 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$3,043,000
Price Per SF
$767.85
Cap Rate
4.60%
NOI
$140,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.97 AC
Parking
21 Spaces (5.3 Spaces per 1,000 SF Leased)
Frontage
210’ on Julian Road
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Circle K
- Retailer
- 3,963 SF
- -
- Triple Net
- Mar 2040
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Circle K | Retailer | 3,963 SF | - | Triple Net | Mar 2040 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 402-C008 | Improvements Assessment | $303,732 |
| Land Assessment | $492,993 | Total Assessment | $796,725 |
Property Taxes
Parcel Number
402-C008
Land Assessment
$492,993
Improvements Assessment
$303,732
Total Assessment
$796,725
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Circle K | 1035 Julian Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.