Circle K Gadsden, AL

1205 W Meighan Blvd
Gadsden, AL

Price: $2,625,000
Cap Rate: 6.00%
NOI: $157,500
Building Size: Approx. 2,733 Sq. Ft.
Lot Size: Approx. 1.05 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 1997

Investment Overview

  • 1997 Construction. 2,733+/- SF Building on 1.05+/- Acre Site
  • 4.2 Years Remaining on Absolute NNN Lease with 5% Rental Increases Every 5 Years in both the Primary Term and Renewal Options and (5) 5-Year Options
  • Prime Positioning with 36,025 VPD – Property Benefits from Direct Frontage on West Meighan Boulevard
  • Established National Retail Corridor Anchored by Walmart and Daily-Needs Retailers Such as Dollar General, Family Dollar, Napa Auto Parts, & More
  • Near Healthcare, Education, and Tourism Demand Drivers – Gadsden Regional Medical Center, Riverview Regional Medical Center, & More
  • Circle K has a Investment Grade Credit Rating of BBB+ – With 17,300+ Locations it is the #2 U.S. Convenience Store Chain
  • Gadsden | Commercial and Healthcare Hub for Northeast Alabama | MSA Population: 103,000+

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