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Views: 14 DOM: 21 Updated: 04.26.24 Posted: 04.26.24 Status: Active

Summary

Price $1,500,000
Built/Renov 1992
Tenant Circle K
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,425
Lease Start 04-18-1995
#Units 16,700
Price/SF $437.96
Expiration 04-30-2025
Tenant Type Convenience/Gas
NOI $82,500
R. Term 0.11
Ownership Fee Simple
Rent/SF $24.09
Increases 10.0%/5/yrs
Pop 5Mi 44,314
Lot/AC 0.64
Options 1/10yrs/10%
AHHI 5Mi $62,094

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 signalized, hard corner intersection of N Capitol Street and Illinois State Route 9, with access to a daily traffic count of 13,500 vehicles. The property is surrounded by well-known national tenants including Hardee's, Dollar General, McDonald's, CVS, and more. The 5-mile trade area is supported by a population of 44,314 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 : 9,121 32,181 41,609
2023 Total Population : 9,248 32,811 42,474
2023 Employed Civilian Pop : 4,223 14,199 18,672
2023 Total Businesses : 412 972 1,390
2023 Average Household Income : $ 63,640 $ 71,757 $ 74,786
2023 Total Consumer Spending : $ 232 M $ 879 M $ 1179 M
2023 Median Age : 39 41 42
2023 Total Households : 4,163 13,979 18,045
2023 Pop Age 25+: Bachelor's Degree : 731 3,498 4,511
2023 Average Home Value : $ 113,366 $ 157,808 $ 161,908
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Capitol St Margaret St 2008 1,250 0.02 mi
Ann Eliza St N 3rd St 2005 6,400 0.04 mi
N Capitol St Margaret St 2008 1,650 0.06 mi
Ann Eliza St N Capitol St 2018 850 0.06 mi
N 3rd St Margaret St 2009 4,300 0.07 mi
South Capitol Street Ct St 2018 1,500 0.08 mi
Margaret Street N 5th St 2022 3,600 0.08 mi
N Capitol St Caroline St 2008 1,050 0.09 mi
N 3rd St Ct St 2018 900 0.09 mi
N 3rd St Ann Eliza St 2008 2,650 0.09 mi

Listing Broker

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