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890 US-64
Decherd, TN 37324
Circle K · Retail Property For Sale


EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,650 SF
Building Class
B
Year Built
2025
Price
$3,752,381
Price Per SF
$664.14
Cap Rate
5.25%
NOI
$197,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.03
Lot Size
5.07 AC
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