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Circle K | New 20yr Corp Abs NNN SEC. U.S. 192 & Partin Settlement Road 5,200 SF Retail Building Kissimmee, FL 34744 $3,918,000 ($753.46/SF) 4.85% Cap Rate
INVESTMENT HIGHLIGHTS
- New 20 Year Lease | Corporate Guaranteed | New Construction
- NeoCity Innovation District | High Traffic Intersection (105K+VPD)
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | Direct Consumer Base
EXECUTIVE SUMMARY
• The tenant, Circle K Stores, Inc., recently signed a new 20 year lease with 7 (5-year) options to extend, demonstrating their commitment to the site
• The lease features a 7% rental increase in year 11, followed by 5% increases every 5 years throughout the remainder of the initial term
• The lease features a 7% rental increase in year 11, followed by 5% increases every 5 years throughout the remainder of the initial term
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,200 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,918,000
Price Per SF
$753.46
Cap Rate
4.85%
NOI
$190,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.92 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
27 Spaces (5.19 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Signalized Intersection
- Monument Signage
NEARBY MAJOR RETAILERS
1 of 9
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Circle K | New 20yr Corp Abs NNN | SEC. U.S. 192 & Partin Settlement Road
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