Sale of Circle K Property in Montgomery, AL Date October 12, 2026
The Boulder Group has completed the sale of a single tenant Circle K convenience store property located at 1307 Federal Drive in Montgomery, AL for $5,290,000. The Boulder Group’s Zach Wright and Brandon Wright represented the purchaser in the transaction. The purchaser was a Colorado-based family office and the seller was a Midwest-based real estate investor.
The Circle K property is located along Federal Drive approximately two miles northeast of downtown Montgomery. The surrounding area is densely populated with 115,000 people living within three miles.
The property qualifies for 100% Bonus Depreciation and features a long-term lease to Gas Express, the largest Circle K franchisee, which operates approximately 200 locations. The lease includes annual rental increases and no landlord responsibilities. Circle K is one of the world’s largest convenience store brands, operating and franchising thousands of locations across North America and internationally.
“We have experienced a surge in demand for net lease convenience stores and car washes in the 2nd half of 2026. These qualifying properties, which include many gas stations, allow an investor to immediately write off all improvements in year one, which can be as high as 100% of the acquisition cost (net of land value),” stated Zach Wright, Vice President.
“Single tenant gas station properties with long term leases to strong operators are highly sought after amongst net lease investors seeking 100% Bonus Depreciation,” said Brandon Wright, Associate.
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $11 billion of single tenant net lease real estate transactions. From 2015-2025, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both MSCI Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver. For additional information, please visit www.BoulderGroup.com
PR Contact
Zach Wright 720-604-2220
Back