6629 Jonesboro Rd - Service Station FOR SALE


Morrow, GA 30260
$6,525,000 USD
646-453-7786
6629 Jonesboro Rd, Morrow, GA for Sale
$6,525,000 USD
Service Station - FOR SALE
1/10
null | 5.6% Cap Rate

6629 Jonesboro Rd
Morrow, GA 30260


HIGHLIGHTS

  • 18+ Years Remaining | Options To Extend | Top-Performing Store | 1.5% Annual Rental Increases | Strong Franchisee Guaranty
  • Absolute NNN | Zero Landlord Responsibilities
  • Signalized Hard Corner Intersection | Just Off I-75 (174,000 VPD)
  • Prime Retail Node | Proximity To Major Retail Destinations
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in an Absolute NNN leased Circle K investment property. The asset features over 18 years of remaining primary term with four (5-year) renewal options, providing long-term income stability. The lease includes 1.5% annual rental increases throughout the primary term and option periods, supporting steady NOI growth and offering a hedge against inflation. The store ranks in the 84th percentile nationally and 94th percentile in Georgia among comparable Circle K locations, according to Placer.ai. The lease is backed by a guaranty from Gas Express LLC, the largest Circle K franchisee in the United States with more than 190 units. The lease structure is Absolute NNN with zero landlord responsibilities, making it an ideal management-free investment for an out-of-state investor.

FOR SALE DETAILS

PRICE

$6,525,000 USD

PRICE/SF

$1,526 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Circle K | Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

BG

APN/PARCEL ID

12-0112A-00A-028

ASK ABOUT THIS PROPERTY

Richard DorfmanSRS National Net LeaseMore Info
646-453-7786

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Richard DorfmanSRS National Net LeaseMore Info
646-453-7786

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