Circle K for Sale in Gadsden, AL
Gadsden, AL
Key Investment Metrics
Price
$2,333,000
Cap Rate
6.8%
Net Operating Income
$157,500
Building Size
2733 SF
Land Area
1.05 Acres
Remaining Term
3.8 years
Lease Expiration
05/01/2030
Lease Term
10 years
Lease Commencement
05/01/2020
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1997
Occupancy
100%
Tenancy
Single
Rent Increases
5% Every 5 Years, In Primary Term & Options
Property overview
Circle K in Gadsden
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,733 SF
- Land area
- 1.05 acres
- Year built
- 1997
- Lease type
- Absolute NNN
- Lease expiration
- 05/01/2030
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.