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