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Highway 35 N
Rockport, TX 78382
Circle K Ground Lease · Retail Property For Sale
Investment Highlights
- New 20-year absolute NNN ground lease to an investment-grade tenant, rated “BBB” by Standard & Poor’s
- Circle K is one of the largest chains of company-owned convenience stores in the United States, with over 14,200 locations
- Texas is an income tax-free state
- 7.5% rental increases every five (5) years during initial term and option periods
- Brand new 2024 high-quality construction featuring a freestanding Circle K convenience store with ten (10) canopied gas pumps
Property Facts
Property Type
Retail
Property Subtype
Building Size
5,200 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.02 AC
Property Taxes
| Parcel Number | R19612 | Improvements Assessment | $970,440 |
| Land Assessment | $1,029,560 | Total Assessment | $2,000,000 |
Property Taxes
Parcel Number
R19612
Land Assessment
$1,029,560
Improvements Assessment
$970,440
Total Assessment
$2,000,000
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