Circle K

3721 Tryon Rd, Raleigh, NC

Property Information

Price Summary

$ 3,601,445

Cap Rate

5.75 %

NOI

$ 207,083

Total Lot Size

1.82 Acres

Building Size

2,955 SF

Associate

T: (501) 912-8992

Circle K in Raleigh, NC With 3.5+ Years Remaining on Current Term
Absolute NNN Lease With Zero Landlord Responsibilities
Up to 6.5% Rent Increases in the Option Periods Adjusted for CPI of Last 5 Years
Fee Simple Ownership – Potential Eligibility for 100% Bonus Depreciation (Consult With CPA)
Established Circle K Location Operating Since 1999 With Renewed Lease Signaling Long-Term Commitment
Large 1.82-Acre Corner Lot at a Signalized Intersection With Combined Traffic Counts of 55,000+ Vehicles Passing Daily
Affluent Trade Area – $128K+ Average Household Income and Over 182,000 Residents Within 5 Miles
Built-In Customer Base, Adjacent to Large Residential Communities Like The Crossings at Tryon and Cottages at Cumberland Pond
3 Miles Away From North Carolina State University With Student Population of Over 39K
Corporately Guaranteed by Circle K – a Top-Tier Convenience Brand With 6,500+ U.S. Locations