Circle K Fuel Portfolio

Tenant Overview
• Established National Tenant: Circle K is a globally recognized convenience store and fuel operator with a significant presence throughout the United States.
• Iconic Brand: 16,000+ locations worldwide, 7,000+ in the United States.
• Strong Tenant Presence: Circle K operates in multiple locations throughout the Florida Keys, providing brand recognition within the local market.

Properties
• NNN Leases: Offering a passive and secure investment.
• Three Property Portfolio: Opportunity to acquire three Circle K fuel and convenience stores strategically located in Summerland Key, Key West, and Marathon, FL.
• Located on Major Highway: Each property is positioned along Overseas Highway, the primary transportation corridor connecting the FL Keys and supporting virtually all commercial activity throughout the island chain.
• Built-In Rental Growth: Each lease provides for 5% rental increases every five years, creating contractual income growth throughout the lease term and options.
• Stable and Recession-Resistant Industry: As Circle K convenience stores and fuel stations, the properties operate within an essential retail sector that benefits from consistent consumer demand and demonstrates resilience across various economic cycles.
• Significant Land Component: The portfolio encompasses approximately ±2.76 acres of combined land, including ±1.9-acres in Marathon and ±0.51-acres in Key West.
• Additional Land: The Key West and Marathon sites offer opportunities to acquire additional land, providing investors with the potential for future expansion, redevelopment, or increased site utility.
• Proven Operational History: These sites have been successfully operating as a convenience store for ±18 years and as Circle K for ±3 years providing long term stability at proven locations.
• High Traffic Counts: Two of the three sites sit directly on Overseas Hwy, the main road connecting the chain of islands producing on average ±19,000 VPD.

Demographics
• Affluent Tourism Base: The Florida Keys attract an increasingly affluent visitor demographic, with average visitor household income exceeding $118,000. The combination of high visitor spending power, year-round tourism and limited commercial supply creates an attractive environment for retail operators throughout the Keys.
• Tourism Destination: The Florida Keys is a unique island market spanning more than 100 miles along the Overseas Hwy, connecting Key Largo to Key West and serving as one of the most recognized tourism destinations in the US. The surrounding market is characterized by high household incomes, elevated home values, and a tourism-driven economy with year-round visitation.