- Busy Sixteen Pump Location Open 24 Hours 7 Days a Week
- Standard & Poors Credit Rated Tenant (BBB)
- Minimal Landlord Responsibility | Slab & Structure Only
- Four 5 year options after primary term
- Florida is a No Income Tax State
Fortis Net Lease is proud to present a free standing Circle K Gas Station and Convenience Store at the intersection of Mayport Rd. and Assisi Ln. in Atlantic Beach, FL. There are 3+ years remaining on an original 20 year modified NNN lease requiring minimal landlord responsibilities. The Landlord is only responsible for the slab and structure while the Tenant pays all other expenses including tax, insurance, CAM Roof, Parking lot, and HVAC. The lease has Four 5 year option periods after original term which feature 5% increases every 5 years.
The subject property is located along a major retail corridor and is surrounded by many national tenants including: Walgreens, Dollar Tree, Arby’s, Wendy’s, Sonic, Shell, Dunkin Donuts and more. This location was recently re-branded from Kangaroo to Circle K indicating Circle K’s commitment to this site. The non stop customer traffic visiting this location should assure any Investor that Circle K will exercise their options and lease this site for many more years.