Circle K | 12275 W Sinton St
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Circle K 12275 W Sinton St
5,200 SF Retail Building Sinton, TX 78387 £2,621,208 (£504/SF) 5% Net Initial Yield
Investment Highlights
- Initial 20-year lease term with five (5) five-year extension options
- Backed by Circle K, a globally recognized and financially strong brand with over 14,200 locations worldwide
- 19,000 AADT on Interstate 69E and nearby access points, maximizing daily visibility
- Tenant is fully responsible for taxes, insurance, and all property related maintenance costs, ensuring true passive income for the landlord
- Positioned at the SEC of Interstate 69E and State Highway 188, near Sinton’s major thoroughfares, capturing local and regional traffic
- Proximity to major highways enables easy access for both locals and commuters
Executive Summary
Situated on 5.82 acres at Interstate 69E and State Highway 188 in Sinton, TX, this property benefits from high visibility and access to over 28,000 daily commuters, drawing consistent traffic. The newly constructed 5,200-square-foot Circle K convenience store features modern facilities, including a 10-pump fuel station with seven gasoline pumps and three high-speed diesel pumps, ensuring rapid service for a variety of vehicles. An absolute NNN lease relieves the landlord of property-related responsibilities, with Circle K managing all maintenance, taxes, and insurance costs. The property includes 48 auto spaces and five truck spaces, supporting high customer turnover, with clear site lines and convenient highway access. With a 20-year initial term and 5% rent escalations every five years, the lease offers stable and growing income, backed by a leading convenience retailer.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,200 SF
Building Class
B
Year Built
2024
Price
£2,621,208
Price Per SF
£504
Net Initial Yield
5%
NOI
£131,035
Tenancy
Single
Number of Floors
1
Building FAR
0.02
Lot Size
5.82 AC
Parking
53 Spaces (10.19 Spaces per 1,000 SF Leased)
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Circle K | 12275 W Sinton St
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