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Views: 161 DOM: 107 Updated: 09.10.24 Posted: 08.06.24 Status: Active

Summary

Price $550,000
Built/Renov 1968
Tenant Circle K
Cap Rate 4.55%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 2,562
Lease Start 04-25-1969
#Units 16,700
Price/SF $214.68
Expiration 04-26-2026
Tenant Type Convenience/Gas
NOI $25,004
R. Term 1.5
Ownership Fee Simple
Rent/SF $9.76
Increases 0.0%/0/yrs
Pop 5Mi 24,092
Lot/AC 0.50
Options 0/0yrs
AHHI 5Mi $65,950

Lease Highlights

  • Circle K has been operating in this location since 1969
  • The tenant has 1+ years remaining on the current lease term with no options to extend
  • Corporate guarantee | Investment grade tenant

Location Description

Circle K is strategically located on S. High Street, with access to 12,479 vehicles passing by daily. The property is situated near Mosquito Creek Lake Reservoir & State Park. The immediate area boasts well-known national tenants such as Family Dollar, Walgreens, Burger King, Rite Aid, McDonald's, and more. Key community educational institutions, including schools within the Lakeview Local...

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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
2029 Total Population : 5,031 10,365 20,380
2024 Total Population : 5,131 10,568 20,737
2024 Employed Civilian Pop : 2,181 4,873 9,556
2024 Total Businesses : 209 338 661
2024 Average Household Income : $ 91,424 $ 99,478 $ 98,255
2024 Total Consumer Spending : $ 186 M $ 404 M $ 800 M
2024 Median Age : 47 48 49
2024 Total Households : 2,300 4,608 9,211
2024 Pop Age 25+: Bachelor's Degree : 637 1,401 2,901
2024 Average Home Value : $ 212,118 $ 219,812 $ 212,378
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Fowler St Amy Pl 2007 4,837 0.11 mi
South High Street Fowler St 2021 13,751 0.21 mi
W Main St N Bank St 2014 3,452 0.25 mi
S Mecca St Fairview St 2018 2,823 0.25 mi
South Mecca Street S Mecca Exd 2021 2,544 0.32 mi
Russell Ave Woodview Ave 2014 1,401 0.33 mi
N High St Market St 2014 5,600 0.35 mi
Fowler St Russell Ave 2014 3,608 0.36 mi
E Main St Harneds Lndg 2013 3,966 0.37 mi
Market St PkAve 2008 586 0.42 mi

Listing Broker

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