Lowest Cap Rate
3.20%
Lowest Cap Rate over past 24 months
Average Cap Rate
5.73%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
5.54%
Average Cap Rate over previous quarter
Overview
Circle K is a one-stop-shop convenience store who also offers gas at a number of their 9,500+ location in 48 states. Circle K is a highly sought after investment property because of their passive NNN leases and attractive rent escalations. Generally, the lease terms are 15-20 years with escalations varying from 5%-10% every 5 years. Real estate locations are always situated on highly trafficked areas such as busy intersections and highways.
Property & Lease
Sales Price Range$1,750,000 - $2,250,000
NOI Range$100,000 - $150,000
Building SF3,000
Lease Term15 Years
Escalations10% Every 5 Years
Stock SymbolCAPITALCOM:US500
Credit Rating
S&PA
Moody'sBaa2
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
6.00
5.82
6.20
4.52
5.14
4.68
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
Recent Sales Comps
Savannah, GA5.45%
El Paso, TX5.00%
Jacksonville, FL5.30%
Top Consumer Traffic
Maricopa, AZ1,300,000
Mathis, TX1,200,000
Lake City, FL1,200,000
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
