Matthews Logo

Navigation Menu

1120 Sigman Rd, Conyers, GA, 30012

Circle K Sale Leaseback
$6,432,000

Key Information

Cap Rate
6.25%
Tot. SF
7,500
Year Built
2025
Term Remaining
20
Type
Retail
NOI
$402,000

Highlights

Strong Real Estate Fundamentals

  • Affluent, dense & high growth metro of Atlanta
  • Avg. Household Incomes: $65k (1-Mi); $89k (3-Mi); $100k (5-Mi)
  • Population: 6.5k (1-Mi); 31.5k (3-Mi); 73.5k (5-Mi)
  • Pop. Growth since 2010: 26% (1-Mi), 16.5% (3-Mi); 19% (5-Mi)
  • Large parcel size of ±3.60 acres
  • Fundamental real estate located at the hard corner of a signalized 4-way intersection
  • Busy intersection with traffic counts of ±22,800 VPD along Sigman Rd
  • Latest Circle K prototype with national inline tenants that include Pizza Hut, Subway and Krispy Krunch Chicken
  • Gas Express will sign a master lease to ensure this is passive NNN investment

100% Bonus Depreciation & Accelerated Depreciation 

  • One Big Beautiful Bill (OBBBA) permanently restored 100% bonus depreciation for “retail motor fuel outlet”
  • Immediate tax write-off to improve cash flow and reduce taxable income
  • Subject property qualifies for 100% Bonus Depreciation & Accelerated Depreciation
  • Please consult your CPA for more details

Optimal Lease Structure

  • Rare 20-year base term
  • Four (4), 5-year renewal options
  • Inflation hedge with 1.5% rent escalations every year through the entire lease
  • Absolute triple net (NNN) with NO landlord responsibilities
  • Tax advantages with accelerated & 100% bonus depreciation due to fee simple ownership

Atlanta MSA Advantage

  • Atlanta MSA has the 5th largest population in the US with over 5.9 million residents
  • 30 companies with headquarters in Atlanta MSA are among the 2020 Fortune 1000
  • 16 ranked in the elite Fortune 500
  • Georgia has been named the #1 state for business climate and for doing business for the last 6 years (Site Selection & Area Development)
  • For the last 5 years, Atlanta has been among the top 5 metro areas in the nation for most net migration
  • Major industries include financial services, technology and telecommunications
  • Forbes Rankings:
  • #13 Best Places for Business and Careers, #34 in Job Growth & #41 in Education

Large Franchisee & Dominant Brand 

  • Largest Alimentation Couche-Tard franchisee in US
  • Expanding 200+ unit operator across 6 states (AL, AR, GA, LA, SC, TN)
  • Currently operate 70+ locations in GA
  • 30+ year operating history
  • Headquarters in Atlanta, GA
  • Alimentation Couche-Tard is an international brand with 15,000+ locations in 20 countries (corporate)

 

Photos

Location

Agents

Financing Agents

Broker of Record

Bill Pedersen

License # 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203