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Views: 13 DOM: 20 Updated: 04.26.24 Posted: 04.26.24 Status: Active

Summary

Price $1,072,350
Built/Renov 1995
Tenant Circle K
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,293
Lease Start 04-24-1995
#Units 16,700
Price/SF $467.66
Expiration 04-30-2025
Tenant Type Convenience/Gas
NOI $64,341
R. Term 0.11
Ownership Fee Simple
Rent/SF $28.06
Increases 10.0%/5/yrs
Pop 5Mi 10,537
Lot/AC 0.44
Options 1/10yrs/10%
AHHI 5Mi $69,300

Lease Highlights

  • Circle K has been operating in this location since 1995
  • The tenant has 1 year remaining on the current lease term with 1 (10-year) option to extend
  • The lease features a 10% rental escalation at the start of the remaining option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Circle K is strategically located at the hard corner intersection of North 4th Street and West Chestnut Street, with access to 15,000 vehicles passing by daily. The property is surrounded by well-known national tenants, including Taco Bell, Pizza Hut, Dairy Queen, Subway, Hardee's. McDonald's, and more. The 5-mile trade area is supported by a population of 10,537 residents with an average...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Circle K
  • Guarantor:Corp T and Rated
  • Company:Alimentation Couche-Tard
  • # Units:16,700
  • Tenant S&P: BBB+
  • Moody’s: Baa1
  • Stock: TSX: ATD

About Tenant

Circle K Stores, Inc. is an international chain of convenience stores, and the largest independent convenience store operator in the U.S. in terms of the number of company-operated stores. Founded...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,225 7,002 10,243
2023 Total Population : 4,334 7,182 10,503
2023 Employed Civilian Pop : 1,879 3,166 4,810
2023 Total Businesses : 190 234 262
2023 Average Household Income : $ 69,946 $ 80,712 $ 87,947
2023 Total Consumer Spending : $ 117 M $ 213 M $ 336 M
2023 Median Age : 42 43 44
2023 Total Households : 1,922 3,045 4,421
2023 Pop Age 25+: Bachelor's Degree : 502 1,021 1,606
2023 Average Home Value : $ 162,627 $ 171,526 $ 183,938
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Chestnut St N 3rd St 2008 900 0.03 mi
N 4th St W Pine St 2009 12,200 0.03 mi
N 3rd St 2022 475 0.06 mi
IL 29 2021 11,400 0.08 mi
West Chestnut Street N 2nd St 2022 750 0.10 mi
N 2nd St 2022 475 0.10 mi
N 2nd St W Chestnut St 2002 1,700 0.13 mi
W Walnut St N 4th St 2008 1,500 0.13 mi
N 3rd St 2022 1,250 0.13 mi
N 2nd St 2022 1,350 0.14 mi

Listing Broker

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