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Views: 209 DOM: 284 Updated: 12.13.24 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 16,700
Price/SF $349.00
Expiration 06-30-2031
Tenant Type Convenience/Gas
NOI $128,267
R. Term 6.6
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 6+ 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...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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....


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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

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