Circle K NNN Property For Sale — Newton, IL
103 W Jourdan St, Newton, IL 62448
This Circle K gas station/convenience store offers an absolute triple-net (NNN) lease, ensuring a passive investment with zero landlord responsibilities for expenses like real estate taxes, insurance, roof, structure, and parking lot. The lease is corporately guaranteed by Circle K, Inc., a subsidiary of Alimentation Couche-Tard, which holds an investment-grade credit rating of BBB+ from S&P. With over five years remaining on the current term through June 30, 2031, the property also includes three additional five-year renewal options, each with 7.50 percent rent increases. Investors may also benefit from potential tax advantages through bonus and accelerated depreciation.
- Address: 103 W Jourdan St, Newton, IL 62448
- Asking price $2.30M
- 6.00% cap rate
- NOI $138,000
- 5 years remaining
- NNN lease
- Building size: 6,129 SF
- Lease expiration: Jun 30, 2031
- Rent increases: renewal_option_1: 7.50%; renewal_option_2: 7.50%; renewal_option_3: 7.50%
- Guarantor: Corporate
Location
This Circle K property is at 103 W Jourdan St in Newton, Illinois.
Asset type: Auto Service - Gas-Conv