8464 Madison Blvd Madison, AL 35758

This exceptional investment opportunity presents a newly constructed, 5,373 square foot Circle K convenience store situated on a 1.92-acre lot in Madison, Alabama. Boasting a 15-year absolute NNN lease (commencing March 1, 2023, and expiring February 28, 2038) with Circle K Inc. (S&P BBB+ rated), this property offers significant long-term stability and strong cash flow. The property features eight gas pumps and ample parking (25 spaces). Located at a hard-corner, signalized intersection on Madison Boulevard, it benefits from high visibility and accessibility, serving as a gateway to Madison, Alabama's fastest-growing city. The property is strategically positioned near Town Madison, a large mixed-use development with over 2,000 residential units, and enjoys strong demographics, including a $110,000 average annual household income and a 40% population increase within a three-mile radius since 2010. The lease includes flat rent for years 1-10, followed by a 5% increase in year 11. The property's Net Operating Income (NOI) is $195,000, resulting in a 5.50% cap rate. The asking price is $3,545,000 ($659.78 per square foot). This is a fee-simple ownership (land only) with seven 5-year lease options. The property is zoned B3 and has a 100% occupancy rate. Its prime location near major retail corridors, Toyota Field, and Redstone Arsenal further enhances its value and potential. This is a truly exceptional opportunity to acquire a high-quality, income-producing asset in a rapidly growing market.