Circle K - Net Lease Property for Sale
Port Richey, FL
Key Investment Metrics
Price
$4,200,000
Cap Rate
5.0%
Net Operating Income
$210,000
Building Size
5200 SF
Lot Size
5,200 SF
Land Area
2.81 Acres
Remaining Term
14.1 years
Lease Expiration
08/31/2040
Lease Term
15 years
Lease Commencement
09/01/2025
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
2025
Tenancy
Single
Rent Increases
10.0% Every 5 Years
About This Circle K Net Lease Property
This Circle K NNN (triple net lease) property is located in Port Richey, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 5200 square feet of building space and was built in 2025.
With a cap rate of 5.0%, this Circle K net lease property offers stable income potential. The asking price is $4,200,000, making it an attractive option for 1031 exchange investors seeking quality Circle K commercial properties.
Why Invest in Circle K NNN Properties?
- Stable Income: Circle K net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Circle K is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Port Richey, FL Market Overview
Located in Port Richey, FL, this Circle K property benefits from strong local demographics and market fundamentals. The Port Richey area offers excellent visibility and accessibility, making it an ideal location for Circle K operations and a solid investment for net lease property buyers.