OFFERING MEMORANDUM 10200 AR-5 ALEXANDER, ARKANSAS - EXCLUSIVELY LISTED BY: REPRESENTATIVE PHOTO
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OFFERING
MEMORANDUM
10200 AR-5
ALEXANDER, ARKANSAS
EXCLUSIVELY LISTED BY:
REPRESENTATIVE PHOTO
EXCLUSIVELY LISTED BY: LIMITING CONDITIONS:
This Confidential Memorandum was prepared and reviewed by
Newmark Moses Tucker Partners (collectively the “Company” or the
“Sponsor”). It contains selected information pertaining to the
Company’s offering and/or acquisition of 10200 AR-5 (SWC of
Alexander Rd & Highway 5), Alexander, AR (the “Property”,
CHRIS MOSES CHRIS MONROE “Properties” or “Project”). It does not, however, purport to be all-
501.376.6555 501.376.6555 inclusive or to contain all of the information that an interested party
cmoses@newmarkmtp.com cmonroe@newmarkmtp.com
in a transaction relating to the Project may desire. All financial
GREYSON SKOKOS GEORGE FRIEDMANN projections are provided for general reference purposes only and are
501.376.6555 501.376.6555 based upon assumptions relating to the general economy,
gskokos@newmarkmtp.com gfriedmann@newmarkmtp.com competition and other factors, which are subject to material change
or variation. Interested parties should not rely upon the financial
projections contained herein, as they are illustrative only. An
opportunity to inspect the Property will be made available to
qualified parties. Certain documents in this document, including
financial information, are described in a summary form and may not
be complete or accurate descriptions of the full agreements
involved. These summaries do not constitute a legal analysis of
such documents. Interested parties are expected to independently
review all documents. This document is subject to prior placement,
errors, omissions, changes or withdrawal without notice and does
not constitute a recommendation, endorsement or advice as to the
value of the Project by the Company. Each party is to rely upon its
own investigation, evaluation and judgment as to the advisability of
lending to the Project. The Company expressly reserves the right, at
their sole discretion, to reject any or all expressions of interest or
offers of investment in the Property, and/or to terminate discussions
with any party at any time with or without notice for any reason or for
no reason. The Company shall have no legal commitment or
obligation to any prospective party or purchaser reviewing this
document or making an offer to lend in the Project unless a written
agreement has been fully executed, delivered and approved by the
Company and any conditions to the Company’s obligations
thereunder have been satisfied or waived. Any investment returns
mentioned in this Confidential Memorandum are estimates only, and
the Company can make no assurances that they will be achieved.
2 CIRCLE K | LITTLE ROCK | ARKANSAS NEWMARK MOSES TUCKER PARTNERS
EXECUTIVE SUMMARY 3 CIRCLE K | LITTLE ROCK | ARKANSAS NEWMARK MOSES TUCKER PARTNERS
SUMMARY HIGHLIGHTS
OFFERING PRICE*: $4,636,363 100% occupied, single tenant property
NOI*: $255,000
CAP RATE: 5.50% Leased by Circle K’s largest franchisee
EXPECTED CO*: JUNE 2021
20-year absolute NNN lease structure (no landlord responsibilities)
* ESTIMATED & SUBJECT TO CHANGE
Newmark Moses Tucker Partners (“NMTP”) is pleased to
present the following acquisition opportunity for the 10% rent increases every 5 years
absolute net-leased Circle K property located at the SWC
of Alexander Rd & Highway 5, Alexander, AR.
Strategic, signalized hard corner location
Gas Express, LLC has executed a 20-year, absolute NNN
lease relative to the property.
Gas Express, LLC is the largest franchisee in the nation New construction property (2021 completion)
with over 76 + operations across Arkansas, Georgia,
Louisiana, and Alabama.
Potential to qualify for accelerated/bonus depreciation
Additional information regarding the property, offering and
tenant can be found on the following pages.
4 CIRCLE K | LITTLE ROCK | ARKANSAS NEWMARK MOSES TUCKER PARTNERS
INVESTMENT
ACCELERATED/BONUS DEPRECIATION
The property is likely to qualify for accelerated/bonus depreciation. In summary,
c-stores/gas stations are eligible for a depreciable life of 15 years rather than the
traditional 39-year depreciable life of ordinary real estate.
WORLDWIDE RECOGNITION & BRANDING
Circle K’s brand is recognized throughout the world. As of 2020, Circle K has over
9,700 stores in the USA, 2,600 in Europe, and more. The brand continues to
aggressively establish is presence in Arkansas and surrounding states.
LEASED BY CIRCLE K’S LARGEST FRANCHISEE
The lease is guaranteed by Gas Express, LLC; who is Circle K’s largest franchisee.
The tenant operates over 95 convenience stores throughout the Southeast United
States.
20-YEAR, ABSOLUTE NNN LEASE WITH OPTION PERIODS
The lease is subject to an absolute NNN lease, which eliminates all Landlord
responsibilities, making the subject a Landlord/Investor favorable asset.
BRAND NEW CONSTRUCTION
The property is under construction and is expected to open in the Spring of 2021.
The property features the newest prototype in Circle K’s design.
HARD CORNER LOCATION IN THE HEART OF LITTLE ROCK
Strategically located at the signalized corner of N Alexander Rd (7,000 VPD) & AR-
Highway 5 / Stagecoach Rd (17,000 VPD). Additionally, the site is easily accessible
(less than 1 mile) to vehicles traveling along I-30 (80,000 VPD). Amazon recently
opened a 100,000 SF last-mile delivery hub less than 1 mile from the subject.
Additionally, many national and regional industrial and retail users surround the
property, making the location highly desirable.
5 CIRCLE K | LITTLE ROCK | ARKANSAS NEWMARK MOSES TUCKER PARTNERS
THE OFFERING 6 CIRCLE K | LITTLE ROCK | ARKANSAS NEWMARK MOSES TUCKER PARTNERS
MARKET OVERVIEW
BENTON, ARKANSAS DEMOGRAPHICS
Benton is a city in Saline County, Arkansas with a city population of about 36,000. Benton is a
3 Mile 5 Mile 10 Mile
suburb of Little Rock and half way between the Little Rock MSA and Hot Springs MSA. The
city is intersected by I-30, which serves as the main arterial between Little Rock, Bryant, Population 49,413 112,692 293,625
Benton, Hot Springs, and Texas. Benton is known for its low cost of living and business friend
Households 19,111 47,536 130,007
environment. Year over year, Benton has experienced a significant increase in economic and
commercial real estate activity. Avg. HH Income $48,282 $56,341 $75,531
Median Age 31.5 35.1 37.1
LITTLE ROCK, ARKANSAS
Daytime Population 24,082 121,154 248,149
Little Rock is the capital and most populous city in the state of Arkansas, with a population of
nearly 200,000 people. It is also the county seat of Pulaski County. The city is cultural,
economic, and government center within Arkansas and the southern United States. A cultural
center, the city is home to a number of notable museums and cultural sites including; The
William J. Clinton Presidential Center, The Arkansas Repertory Theatre, The Arkansas Art
Center and the Museum of Discovery. Two major Interstate highways meet in Little Rock
(Interstate 30 and Interstate 40), making it a transportation center for the south. The city is
also a major shipping hub; The port of Little Rock is an intermodal river port with a large
industrial business complex. The city of Little Rock employs about 2,500 employees in 14
departments. Dillard’s Department Stores, Simmons Bank, Windstream Communications,
Simmons Bank, Bank OZK, Central Flying Service and large brokerage Stephens Inc. are
headquartered in Little Rock. Other large corporations, such as AT&T, Dassault Falcon Jet and
LM Wind Power have significant operations in the city.
7 CIRCLE K | LITTLE ROCK | ARKANSAS NEWMARK MOSES TUCKER PARTNERS
AERIAL MAP
Mercado
Latino &
La Villa
Mexican
AR-5 / STAGECOACH
17,000 VPD
I-30 Speedway
N ALEXANDER RD
7,000 VPD
100,000 + VPD
8 CIRCLE K | LITTLE ROCK | ARKANSAS NEWMARK MOSES TUCKER PARTNERS
SITE PLAN 9 CIRCLE K | LITTLE ROCK | ARKANSAS NEWMARK MOSES TUCKER PARTNERS
PROPERTY DETAILS LEASE DETAILS
Address: 10200 Alexander Rd. Rent Commencement*: June 2021
City & State: Little Rock, Arkansas Lease Term: 20 Years & 6 Months
Tenant: Gas Express, LLC Renewal Options: Four (4) Five (5) Year
Trade Name: Circle K Annual Rent*: $255,000
Year Built: 2021 Rent Increases: 10% Every 5 Years
Square Feet: 4200 Lease Type: Absolute NNN
Acreage: 1.17 Landlord Responsibilities: None
Fuel Pumps: 10 Lease Guarantee: Yes
Parking Spots: 18 Estoppel: Within 10 Days
RENT DETAILS
Year Annual Rent % Increase
Months 1-6 $170,000 * ($14,166 Monthly)*
1 to 5 $255,000 *
6 to 10 $280,500 * 10%
11 to 15 $308,550 * 10%
16 to 20 $339,405 * 10%
Option 1 $373,346 * 10%
Option 2 $410,680 * 10%
Option 3 $451,748 * 10%
Option 4 $496,923 * 10%
*ESTIMATED
10 CIRCLE K | LITTLE ROCK | ARKANSAS NEWMARK MOSES TUCKER PARTNERSTHE TENANT 11 CIRCLE K | LITTLE ROCK | ARKANSAS NEWMARK MOSES TUCKER PARTNERS
THE BRAND THE TENANT
Circle K is a convenience retail brand owned by Couche-Tard. In the United Gas Express, LLC (Circle K Atlanta) is Circle K’s largest franchisee in the
States, it is the largest independent convenience store operator in terms of United States. Circle K’s success in the convenience retailing industry
the number of company-operated stores. In Europe, Couche-Tard is a leader spans more than sixty years and it is one of the most widely recognized
in convenience store and road transportation fuel retail in the Scandinavian convenience store brands, known worldwide for quality products and great
countries (Norway, Sweden and Denmark), in the Baltic countries (Estonia, customer service. Circle K Atlanta’s relationship with Circle K ensures
Latvia and Lithuania), as well as in Ireland, and has an important presence in continued corporate growth through increased corporate exposure,
Poland. enhanced leadership and buying power.
As of October 11, 2020, Couche-Tard’s network comprised 9,261 Circle K Atlanta, is dedicated to the Circle K brand and committed to
convenience stores throughout North America, including 8,085 stores with growing a strong presence in the Atlanta area and beyond. Their goal is
road transportation fuel dispensing. Its North American network consists of continued growth and profitability through commitment, community
18 business units, including 14 in the United States covering 47 states and 4 mindedness, and responsible retailing.
in Canada covering all 10 provinces. Approximately 109,000 people are
employed throughout its network and at its service offices in North America.
Website U.S. Corporate HQ Website Corporate HQ
www.circlek.com Tempe, AZ www.circlekatl.com Atlanta, GA
Parent Company Year Founded Locations Year Founded
Alimentation Couche-Tard 1951 Arkansas – 15 + 1994
Alabama - 1
Stock Symbol Number of Stores Georgia - 44
OTCMKTS:ANCUF 7,800 (United States) Louisiana - 22
2017 Revenues
$37.9 billion
12 CIRCLE K | LITTLE ROCK | ARKANSAS NEWMARK MOSES TUCKER PARTNERSCIRCLE K | 10200 ALEXANDER RD | LITTLE ROCK, AR
OFFERING MEMORANDUM
OFFERED EXCLUSIVELY BY
CHRIS MOSES CHRIS MONROE GREYSON SKOKOS GEORGE FRIEDMANN
501.376.6555 501.376.6555 501.376.6555 501.376.6555
cmoses@newmarkmtp.com cmonroe@newmarkmtp.com gskokos@newmarkmtp.com gfriedmann@newmarkmtp.com
Newmark Moses Tucker Partners | 200 River Market Ave, Suite 501, Little Rock, AR 72201You can also read
