Current Use by Public Records
- Retail properties & Spaces
Property Details for 3424 Us-431
- Year built
- 2023
- Lot size
- 3.28 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new Circle K convenience store and gas station in Phenix City, Alabama. Located on a 3.28-acre lot at 3424 US-431, this 5,000 square foot property boasts a prime location at the entrance of The Village at Crosswinds, a 22-acre retail development anchored by Renfroe's Market and a 25,000 square foot retail center. The property benefits from high visibility due to direct frontage along Highway 431 and a newly installed four-way traffic signal. Its proximity to Chattahoochee Valley Community College, Troy University – Phenix City Campus, and The District at Phenix City ensures consistent high traffic. The property features eight gas pumps and a desirable drive-thru endcap, with limited competition in the immediate area (only one other gas station within a one-mile radius). The Circle K is operated by a large franchisee with over 200 units across six states, providing financial stability and operational expertise. The sale is structured as a 20-year absolute NNN lease with four 5-year renewal options and annual rent escalations of 1.5%, offering a strong inflation hedge. The current Net Operating Income (NOI) is $336,618, resulting in a 6.50% cap rate. The asking price is $5,178,740 ($1,035.75 per square foot). This property offers significant bonus depreciation advantages due to fee-simple ownership. The Columbus, GA MSA, which includes the property, boasts major employers such as Fort Benning, TSYS, Aflac, and Kia Motors Manufacturing Georgia, contributing to a robust local economy. This is a rare opportunity to acquire a high-performing, long-term investment with exceptional growth potential. The property was built in 2023 and is currently 100% occupied.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phenix City
- County
- Russell
- State
- Alabama
- Longitude
- -85.036
- Latitude
- 32.4274
