This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
This Retail Property is no longer advertised on LoopNet.com.

1975 Highway 211 NW
Hoschton, GA 30548
20 YEAR CIRCLE K 6.75% ABSOLUTE NNN · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Convenience Store
Building Size
6,960 SF
Building Class
C
Year Built/Renovated
1999/2017
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
1.91 AC
Zoning
002
Parking
62 Spaces
Frontage
366’ on Highway 211

ABOUT 1975 HIGHWAY 211 NW , HOSCHTON, GA 30548

LEASE Brand New 20 Year Sale-Leaseback to Begin at Close of Escrow – Perfect for someone looking to invest in a long-term deal Absolute Triple Net Lease (NNN) – Tenant is responsible for all expenses including roof, structure, taxes, insurance and common area maintenance Attractive Return – 6.75% cap rate equates to primary year’s rental rate of $182,562 1.25% Annual Rent Increases – Provides investor with the ability to keep up with the rate of inflation Four, 5-Year Options to Extend – 20 years of lease term in the option periods Increase After-Tax Cash Flow – Investor has the opportunity to utilize the benefits of accelerated depreciation and depreciate the gas station property over a 15-year schedule (verify with CPA) LOCATION Dense Demographics – There are 52,000+ people located within a 5-mile radius Affluent Demographics – Average household income within a 5-mile radius is over $100,000 Stellar Location – Located directly off I-85 which experiences traffic counts of over 65,000 vehicles per day Bustling Industrial Hub – Surrounding industrial tenants consist of Petco Distribution Center, Kichler Lighting, and Chateau Elan Resort & Winery Almost 4,000 employees work in surrounding industrial region TENANT Strong & Experienced Franchisee – Franchisee has been operating convenience stores since 1994 and currently owns over 60 in Georgia, Louisiana, and Texas Circle K awarded Gas Express LLC a master franchise agreement in 2012, allowing Gas Express exclusive Atlanta-area rights to the Circle K brand for Clayton, Cobb, Coweta, DeKalb, and Fulton counties Aggressive Growth Strategy – Gas Express is on track to operate over 100 convenience stores by the end of 2018 Secure Guaranty – Gas Express will guaranty the lease with 30 stores located throughout Atlanta Excellent Financial History – Company has had healthy financials which suggests a promising financial future PROPERTY Circle K Brand Image – Property was purchased by the tenant earlier this year and is set to undergo a complete re-imaging to Circle K’s latest standards Interior Remodel – Property is set to undergo a store remodel to upgrade to Circle K’s standards Large Format Location – Property has 8 fueling stations, which in turn results in more customers shopping inside the convenience store

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
BR023-008A
Land Assessment
$196,200
Improvements Assessment
$242,343
Total Assessment
$438,543
  • Listing ID: 9725124

  • Date on Market: 10/24/2017

  • Last Updated:

  • Address: 1975 Highway 211 NW, Hoschton, GA 30548

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}