Circle K

About Property

Stonecliff is pleased to offer for sale the fee-simple interest in a brand-new, single-tenant Circle K located along U.S. Highway19 in New Port Richey, Florida. Circle K, one of the largest convenience store operators globally with over 15,000 locations and an investment-grade corporate guarantee (S&P: BBB+), has committed to a brand-new 15-year lease. The lease includes rare 10% rent escalations every five years and carries zero landlord responsibilities under an absolute NNN ground lease structure. The property sits on a 2.69-acre parcel at a signalized hardcorner intersection with excellent visibility and access along U.S. Highway 19, which sees over 56,000 vehicles per day. Located just 51 minutes from Downtown Tampa (population 413,657), the site benefits from strong surrounding demographics within the Tampa MSA (population 3.4 million, 2023 est.). The property is conveniently situated 13 minutes from Morton Plant North Bay Hospital (222 beds and 400+ employees) and 6 minutes from Gulf View Square Mall, home to over 100 retailers. Nearby national tenants include Aldi, CVS, McDonald’s, Wendy’s, Arby’s, Harbor Freight, and Take 5 Car Wash. This offering presents a unique opportunity to acquire a corporately backed, long-term leased asset with exceptional rent growth in a highly trafficked Florida corridor, all within a state that levies no personal income tax.