Circle K Inc.(S&P BBB+) Corporate NNN Lease 8464 Madison Blvd

Pegasus Investments Real Estate Advisory Inc., and ParaSell, Inc., as exclusive advisors to the Seller, are pleased to present the opportunity to acquire a property secured by a newly constructed absolute triple net (“NNN”) corporate lease (land only) with Circle K Stores Inc. (“Circle K”), strategically located at a hard corner signalized intersection along Madison Boulevard, which serves as the gateway to Madison, the fastest growing city in the state realizing a population increase from 4,000 to 50,000+ within the last three decades (“The Property”). Situated on a large 1.92-acre parcel, the Property features a newly constructed ± 5,373 SF convenience store prominently located at the intersection of Madison Boulevard and Hughes Road, connecting Madison’s largest mixed-use development “Town Madison” with Highway 72 - Madison’s primary commercial corridor. The Property is supported by strong demographics ($110,000 average annual household incomes) and a rapidly growing residential area with population growth of 40% since 2010 within a three-mile radius. Its proximity to major retail corridors, Huntsville’s professional baseball stadium (Toyota Field), and Redstone Arsenal within a 5-minute drive amplifies its accessibility and commercial potential.
Circle K is an investment-grade-rated (S&P BBB+) international chain of convenience stores, owned by the Canadian multinational conglomerate, Alimentation Couche-Tard. Founded in 1951, Circle K has become one of the most widely recognized convenience store brands, known worldwide for quality products and great customer service. As of the start of 2024, Circle K was the second largest convenience store operator in the U.S., with 6,617 stores in the United States and 7,500 stores in 25 countries worldwide. Circle K owns and operates stores in 46 states and is second only to 7-Eleven in number of convenience stores in operation in the U.S.
The Property sits within immediate proximity to the vibrant Town Madison Community Master Development, a massive, +$400 Million, 563-acre master plan containing various subcommunities, totaling over 2,000 new residential and multi-family units. Notable retailers in the area include Walmart Supercenter, BJ’s Wholesale Club, Publix, and more. The region is anchored by the brand-new, state of the art Toyota Stadium, a professional baseball stadium expected to attract residents throughout the Northern region of Alabama. Situated between the Huntsville International Airport / Jetplex, Redstone Arsenal and Cummings Research Park, the Property benefits from approximately 90,000 daytime employees commuting in and out of the region.