loader
Join Free
Views: 58 DOM: 65 Updated: 04.15.24 Posted: 03.12.24 Status: Active

Summary

Price $2,139,000
Built/Renov 1998
Tenant Circle K
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 6,129
Lease Start 07-01-2005
#Units 14,332
Price/SF $349.00
Expiration 06-30-2031
Tenant Type Convenience/Gas
NOI $128,267
R. Term 7.1
Ownership Fee Simple
Rent/SF $20.93
Increases 7.5%/1/yrs
Pop 5Mi 4,379
Lot/AC 1.40
Options 3/5yrs/7.5%
AHHI 5Mi $63,297

Lease Highlights

  • Circle K has been operating in this location since 2005
  • The tenant has 5+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 7.5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Circle K is strategically located at the signalized, hard corner intersection of W Jourdan Street and S Van Buren Street, with access to a combined daily traffic count of 15,250 vehicles. The surrounding area features well-known national tenants including CVS Pharmacy, Subway, Hardee's, NAPA, Dairy Queen, and more. Newton Elementary School is located 0.6 miles away, while Newton High School is...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Circle K
  • Guarantor:Corp T and Rated
  • Company:Alimentation Couche-Tard
  • # Units:14,332
  • 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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,516 3,550 4,158
2023 Total Population : 2,550 3,598 4,221
2023 Employed Civilian Pop : 1,216 1,738 2,056
2023 Total Businesses : 214 260 270
2023 Average Household Income : $ 65,328 $ 68,496 $ 71,501
2023 Total Consumer Spending : $ 67 M $ 95 M $ 115 M
2023 Median Age : 43 43 44
2023 Total Households : 1,161 1,563 1,822
2023 Pop Age 25+: Bachelor's Degree : 229 338 395
2023 Average Home Value : $ 111,155 $ 127,758 $ 136,771
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Jourdan St S Lafayette St 2005 9,400 0.04 mi
E Jourdan St N 1st Ave 2005 7,900 0.05 mi
IL 130 N Van Buren St 2021 6,750 0.08 mi
W Jourdan St S Lafayette St 2005 9,400 0.09 mi
S Van Buren St W Washington St 2005 9,300 0.12 mi
W Jourdan St S Lafayette St 2005 9,400 0.15 mi
S Van Buren St E Decatur St 2005 9,300 0.17 mi
E Jourdan St N 1st Ave 2005 7,900 0.17 mi
IL 33 2021 8,500 0.20 mi
IL 130 E Decatur St 2021 7,450 0.20 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity