1120 Sigman NE Rd Conyers, GA 30012-3806

Property Details for 1120 Sigman NE Rd

Lot size

3.10 lot acres

Zone code

BG

Property type

Commercial land

APN

068-0-01-001A

APU

068001001A

Description

This exceptional investment opportunity presents a fee-simple owned, 7,500 square foot Circle K gas station in Conyers, Georgia. Located on a 3.1-acre lot at a high-traffic, signalized intersection (approx. 22,800 vehicles per day), this property boasts a brand-new, 2024-built structure featuring the latest Circle K prototype design, including additional shop space. The property benefits from a strong 20-year NNN lease with a prominent, expanding franchisee—the largest Alimentation Couche-Tard franchisee in the US, operating over 200 units across six states, including 70+ locations in Georgia. The lease includes four, five-year renewal options and annual 1.5% rent escalations, providing a built-in hedge against inflation. The current asking price is $6,426,000, representing a compelling 6.35% cap rate and a price per square foot of $856.80. The property generates a substantial net operating income (NOI) of $408,000, with 100% occupancy. Situated within the Atlanta MSA, this investment benefits from a strong demographic profile, including high average household incomes and significant population growth. This sale-leaseback transaction offers significant tax advantages due to accelerated and bonus depreciation. The property's location at a busy intersection and its long-term lease with a financially stable, reputable tenant make this an attractive investment opportunity with significant upside potential.