3840 Martin Luther King Jr Dr, Decatur, IL 62526-2214
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MUNICIPAL · Decatur, ILDecatur. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.