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    3840 Martin Luther King Jr Dr Decatur, IL 62526

    For Sale
    $4,123,000

    High-Yield Gas Station & Store, Decatur, IL

    Property size:
    6,886 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a fee-simple owned, 6,886 square foot Circle K gas station and convenience store located at 3840 N Martin Luther King Jr Dr, Decatur, IL 62526. The property sits on a 0.6-acre lot with 20 parking spaces and benefits from a highly visible location in a dense retail corridor near Hickory Point Mall and a Walmart Supercenter. Currently operating under a 7-year Absolute NNN lease with a corporate guarantee from Circle K, this property offers significant upside potential with four 5-year lease options and scheduled rental increases. The property boasts a strong pro-forma NOI of $247,377 and is 100% occupied. The B2 zoning provides flexibility for future development. This is a turnkey investment with zero landlord responsibilities, offering a secure and profitable return for the discerning investor. The property's location within Macon County, Illinois, provides access to a strong demographic profile within a 5-mile radius. The asking price is $4,123,000. The property features a single unit and the APN is 07-07-26-376-017.

    Property Features for 3840 Martin Luther King Jr Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,886 SF
    Lot Size
    26,136 SF

    Building Details

    Units
    1

    HighLights

    • 7‑year absolute NNN lease with Circle K (corporate guarantee), four 5‑year options, and scheduled rent increases.
    • Fee‑simple ownership, absolute NNN lease, zero landlord responsibilities.
    • Excellent location in dense retail corridor near Hickory Point Mall and Walmart Supercenter.
    • Strong demographics within a 5‑mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rainstorm Car Wash Car Wash

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.9500495
    Latitude
    39.8925791

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Gas Station & Store, Decatur, IL
    Where is this individual retail property located?
    The property is located at 3840 Martin Luther King Jr Dr Decatur, IL.
    What is the asking price?
    The asking price for this property is $4,123,000.
    What are key features of this property?
    This property features: 7-year absolute NNN lease with Circle K (corporate guarantee), four 5-year options, and scheduled rent increases.; Fee-simple ownership, absolute NNN lease, zero landlord responsibilities.; Excellent location in dense retail corridor near Hickory Point Mall and Walmart Supercenter.
    Request Owner's contact information
    3840 Martin Luther King Jr Dr Decatur, IL 62526
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3840 Martin Luther King Jr Dr Decatur, IL 62526
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