103 Jourdan St Newton, IL 62448-1928

This exceptional investment opportunity presents a 6,129 square foot Circle K gas station located at 103 W Jourdan St, Newton, IL 62448. The property sits on a 1.4-acre lot and boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $128,267. The property features a single-tenant, absolute triple-net (NNN) lease with Circle K, one of the largest company-owned convenience store chains in the United States, with over 15,000 locations worldwide. The current lease, commenced on June 30, 2005, has a remaining term of approximately 6.6 years, extending to June 29, 2031. Importantly, the tenant renewed their lease four years early in 2016, demonstrating a clear commitment to this location. The lease includes attractive 7.50% rent increases every five years throughout the base term and renewal options, providing a hedge against inflation. Built in 1998, this single-building property enjoys 100% occupancy and benefits from a strategic location in downtown Newton, across from town hall and near other established businesses. The property's strong tenant, long-term lease, and built-in rent escalations make this a compelling investment opportunity with minimal landlord responsibilities. The asking price is $2,139,000.