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413 Nutsedge Ct
Lexington, SC 29072
Circle K Ground Lease · Retail Property For Sale
Investment Highlights
- New 15-year absolute NNN ground lease to Circle K, one of the largest chains of company-owned convenience stores in the U.S.
- Tenant covers all taxes, insurance, maintenance, roof, structure, and parking lot, providing a fully passive investment.
- Circle K is experiencing growth in various areas, including store count, in-store offerings, and fuel site rebranding.
- 5% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth
- Circle K operates more than 16,000 locations globally, demonstrating financial stability and brand resilience.
Executive Summary
This property offers a prime retail location at the signalized four-way intersection of Augusta Highway and Wise Ferry Road, with over 19,000 vehicles passing daily. Circle K, a financially stable operator with more than 16,000 global locations, anchors the site. The surrounding area is both affluent and well-populated, with 64,225 residents within five miles and an average household income of $133,346 within three miles. Built in 2026 on a large 1.85-acre parcel, the property is tailored to Circle K’s operational needs and benefits from an absolute NNN ground lease, leaving the landlord with zero management responsibilities. With projected population and income growth across all radii, both the location and this Circle K asset are positioned for steady long-term performance.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
3,200 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$3,607,474 CAD
Price Per SF
$1,127.34 CAD
Cap Rate
5%
NOI
$180,374 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.85 AC
Property Taxes
| Parcel Number | 004200-03-140 | Improvements Assessment | $0 CAD |
| Land Assessment | $57,026 CAD | Total Assessment | $57,026 CAD |
Property Taxes
Parcel Number
004200-03-140
Land Assessment
$57,026 CAD
Improvements Assessment
$0 CAD
Total Assessment
$57,026 CAD
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