Circle K Convenience Store Gas
103 W JOURDAN ST Newton, IL 62448
For Sale
Contact for pricing
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 Market84
Property Features for 103 W JOURDAN ST
General Information
- Standard status
- Active
- Size
- 6,129 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1998
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 218-5316
Listed By:
Jordan Klink · License #IN RB14043752
Source:
Crexi
Added: May 1
Changed: Jul 23
Last Checked: Jul 23 at 6:34AM
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
Location Intelligence
Current Use by Public Records
Gas stations
FAQs
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)
