3424 Us-431Phenix City, AL 36867

Property Details for 3424 Us-431

Year built

2023

Lot size

3.28 AC

Property size (Sq ft)

5,000 SF

Property type

Retail properties

Property subtype

Other retail properties

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.

Location Insight

City

Phenix City

County

Russell

State

Alabama

Latitude

32.4274

Longitude

-85.036

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