1415 Street Johns Heritage Pky NW - Service Station FOR SALE


Palm Bay, FL 32907
$3,900,000 USD
415-690-5522
1415 Street Johns Heritage Pky NW, Palm Bay, FL for Sale
$3,900,000 USD
Service Station - FOR SALE
1/8
null | 5% Cap Rate

1415 Street Johns Heritage Pky NW
Palm Bay, FL 32907


HIGHLIGHTS

  • New 15-year absolute NNN ground lease to Circle K, one of the largest chains of company-owned convenience stores in the U.S
  • 7.5% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth
  • Tenant covers all taxes, insurance, maintenance, roof, structure, and parking lot, providing a fully passive investment.
  • Circle K operates more than 16,000 locations globally, demonstrating financial stability and brand resilience.
  • Circle K is experiencing growth in various areas, including store count, in-store offerings, and fuel site rebranding.

OVERVIEW

High-visibility and easily accessible location at the intersection of Emerson Drive Northwest and St. Johns Heritage Parkway. Circle K operates more than 16,000 locations globally, demonstrating financial stability and brand resilience. The five-mile radius serves an affluent and populous region of 65,531 residents, with an average annual household income of $107,348. Built in 2026, the 5,200 SF property is designed specifically for Circle K’s operational needs. The absolute NNN ground lease structure transfers all maintenance and expense obligations to the tenant, including the roof, structure, and parking lot. Projected population and income growth within the 1-, 3-, and 5-mile radii support long-term stability for both Circle K and the Palm Bay market.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$750 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Circle K Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

-

APN/PARCEL ID

28-36-21-00-00506.0-0000.00

ASK ABOUT THIS PROPERTY

Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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Vincent AicaleCushman & WakefieldMore Info
415-690-5522

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.