Circle K

Circle K

Circle K
1901 West Brandon Boulevard
Brandon, FL 33511

$3,050,000

Cap Rate 5.10%
Gross Leasable Area (GLA) 2,043 Sq.Ft.
Price Per Square Foot (GLA) $1,493
Year Built 1972
Lot Size 0.55 Acres
  • 11 Years Remaining on Original 17 Year Triple-Net Lease
  • Five Percent Increases Every Five Years
  • Population of Over 205,000 Within a Five Mile Radius
  • Located on the Main East-West Thoroughfare of Southeast Hillsborough County
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Circle K (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus & Millichap is pleased to exclusively offer for sale this 2,043-square foot freestanding
Circle K, selling Shell fuel, located in Brandon, Florida (Tampa Bay MSA). The property lies
on busy Brandon Boulevard with a traffic count in excess of 80,000 cars daily and easy
ingress and egress. The property is well located less than one mile from Interstate 75 and
less than 10 miles from downtown Tampa. The property caters to the local residents and
businesses with an average household income of $53,316.

Circle K has 11 years remaining on the base term of the lease with one, three-year option,
four, five-year options, and two, ten-year options. There are five percent rent increases
every five years throughout the initial term and the four, five-year option periods. This
rate schedule provides a new investor with a blended average unleveraged return of 5.24
percent on the base term of the lease.

The city of Brandon is attractive to Greater Tampa Bay residents looking to be in close
proximity to local attractions and employment centers. Under 10 miles from downtown
Tampa, residents enjoy the benefits of a major city, while getting the living experience of
a quaint suburb. The area is expected to grow in both population and income within the
next five years which makes this asset especially attractive to forward looking investors.

For More Information, Please Contact:

James Garner

Associate
(813) 387-4796
James.Garner@MarcusMillichap.com