deal image
1101 S Park RdPlant City, FL 33563
Circle K
Asset ClassRetail
Deal Size: $3.43 MCap Rate: 4.75%Lease-Term Remaining: 19.43 YearsAccess Data Room
overview of deal

Overview

Price: $3,428,000 | Cap Rate: 4.75% | NOI: $162,876

  • Guaranty: Circle K Stores, Inc. (Corporate)
  • Lease Type: Absolute NNN
  • Rent Increases: 5% Every 5 Years
  • Options: 6x5-Year
  • Term Remaining: 19.43+ Years
Access the Data Room

Investment Highlights

BRAND NEW RARE 20-YEAR CORPORATE GROUND LEASE

Circle K operates under a new 20-year absolute triple-net (NNN) ground lease with zero landlord responsibilities, providing long-term, passive income. Circle K leases are typically structured for 15 years, making this brand-new 20-year absolute NNN ground lease a rare and highly desirable structure. The lease includes 5% rental increases every five years and offers six (6) five-year renewal options, ensuring built-in income growth.

 

2025 CONSTRUCTION – BRAND NEW BUILD-TO-SUIT ASSET

Completed in 2025, this brand new, build-to-suit Circle K offers investors a modern, high quality retail asset with no deferred maintenance and long-term physical durability. Delivered to tenant specifications, the property reflects the latest standards in fuel, convenience, and diesel infrastructure, reducing near-term capital risk and ensuring operational stability.

 

HIGH-VOLUME COMMERCIAL DIESEL OFFERING

The subject property features eight (8) dedicated high-speed diesel lanes designed

to accommodate large-format commercial vehicles and freight trucks, positioning

the site to capitalize on regional logistics demand and continuous throughput from

nearby distribution centers.

 

SURROUNDED BY MAJOR DISTRIBUTION EMPLOYERS

National and regional distributors nearby include Sysco, Home Depot, Gordon

Food Service, Plastipak, and International Paper, contributing to sustained daytime

population and truck traffic.

 

FASTEST GROWING INDUSTRIAL CORRIDOR

Plant City is centrally located between Tampa and Orlando along Florida’s dominant industrial artery, I-4, which houses 143 million square feet of industrial space, with 13.3% of existing inventory built in the past three years. The property sits just 25 minutes from Downtown Tampa, offering access to a fast-growing logistics and workforce hub.

 

CORPORATE GUARANTEE FROM INVESTMENT GRADE TENANT

The lease is guaranteed by Circle K Stores Inc., a wholly owned subsidiary of Alimentation

Couche-Tard (S&P: BBB), offering credit-backed security from one of the world’s largest

convenience and fuel retailers.

deal gallery image
deal gallery image
deal gallery image
1101 S Park RdPlant City, FL 33563

Sales Team

Drew IsaacSenior Managing Director Investments(303) 328-2048drew.isaac@marcusmillichap.com
Ryan NeeFL Broker of Record

License #: LIC #: BK3154667

deal image

Inquire

Listing provided by Revere CRE