Circle K Convenience Store Gas
For Sale
$2,300,000
103 W Jourdan St, Newton, IL 62448
Circle K gas station and convenience store for sale with an absolute triple-net lease and corporate tenant guarantee.
Property Size6,129 SF
Price / SF$375.27
Days on Market122
Property Features for 103 W Jourdan St
General Information
Standard status
Active
Size
6,129 SF
Property subtype
Auto Service - Gas-Conv
Lease Type
Absolute Net
Amenities
Absolute Triple-Net Lease with Zero Landlord Responsibilities
Tenant is Responsible for All Expenses at the Property (Real Estate Taxes, Insurance, Roof, Structure and Parking Lot)
Circle K Exercised a Renewal Option Early in 2016 Extending their Lease until 2031 and has Three, Five-Year Renewal Options Available with 7.50 Percent Rental Increases at Each
The Lease is Backed by Circle K, Inc., a Subsidiary of Alimentation Couche-Tard, Inc-publicly-traded Canadian Multi-National Operator of Convenience Stores
Potential Bonus & Accelerated Depreciation Tax Benefits (Consult Professional Tax Advisor)
Building Details
Building Size
6,129 SF
Listing Agency:
Marcus & Millichap - Indianapolis
Listed By:
Jordan Klink · License #License(s): IN: RB14043752
(317) 218-5316
Source:
Marcusmillichap
Added: May 8
Changed: Sep 5
Last Checked: Sep 4 at 5:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
This Circle K gas station and convenience store is offered for sale with an absolute triple-net (NNN) lease structure. Under the NNN arrangement, the tenant is responsible for all property expenses, including real estate taxes, insurance, roof, structure, and the parking lot, leaving the landlord with no management and maintenance responsibilities. The lease is corporately guaranteed by Circle K, Inc., a subsidiary of Alimentation Couche-Tard.
The current lease term runs through June 30, 2031, with three additional five-year renewal options. The renewal options call for 7.50% rent increases at each interval. The offering is described as potentially providing tax advantages tied to accelerated or bonus depreciation for qualifying assets; buyers should consult a tax advisor for details.
The current lease term runs through June 30, 2031, with three additional five-year renewal options. The renewal options call for 7.50% rent increases at each interval. The offering is described as potentially providing tax advantages tied to accelerated or bonus depreciation for qualifying assets; buyers should consult a tax advisor for details.
Key Highlights
- Circle K gas station/convenience store built in 1998 in Newton, Illinois
- Absolute triple‑net (NNN) lease: tenant pays property expenses including real estate taxes, insurance, roof, structure, and parking lot
- Corporately guaranteed lease by Circle K, Inc., a subsidiary of Alimentation Couche‑Tard (investment‑grade credit rating BBB+ from S&P)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 33%
Electronics 3%
Phillips 66
Shops & Services
9,343 visits/mo
0.1 miles
Hardee's
Dining
5,807 visits/mo
0.4 miles
Dollar General
Shops & Services
5,380 visits/mo
0.0 miles
Circle K
Shops & Services
5,224 visits/mo
0.1 miles
Puerto Vallarta
Dining
2,246 visits/mo
0.4 miles
Demographics for 62448, IL
5,719
Population
2,575
Households
2.2
Avg Household Size
45
Median Age
20%
College-Educated
92%
High-School Grad
205.0 sq mi
ZIP Area
28
Density / Sq Mi
$66,432
Median Household Income
$39,688
Median Earnings
$765
Median Rent
$118,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Circle K gas station and convenience store for sale with an absolute triple-net lease and corporate tenant guarantee.
Where is this gas station located?
The property is located at 103 W Jourdan St Newton, IL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Circle K gas station/convenience store built in 1998 in Newton, Illinois; Absolute triple‑net (NNN) lease: tenant pays property expenses including real estate taxes, insurance, roof, structure, and parking lot; Corporately guaranteed lease by Circle K, Inc., a subsidiary of Alimentation Couche‑Tard (investment‑grade credit rating BBB+ from S&P)
