Auto Service - Gas-Conv
Circle K | Absolute NNN Lease | Fee-Simple Ownership
103 W Jourdan St, Newton, IL 62448
Listing Price: $2,300,000
Investment Overview
Marcus & Millichap is pleased to present for sale a Circle K gas station/convenience store located in Newton, IL.
The Property features an absolute triple-net (NNN) lease structure, which ensures the tenant is responsible for all property expenses, including real estate taxes, insurance, roof, structure, and the parking lot, leaving the landlord with zero management and maintenance responsibilities.
The lease is corporately guaranteed by Circle K, Inc., a subsidiary of Alimentation Couche-Tard, which maintains an investment-grade credit rating of BBB+ from S&P. With the current lease term running through June 30, 2031, the asset provides over five years of firm term remaining, supported by three additional five-year renewal options that include 7.50 percent rent increases at each interval.
The offering highlights significant potential tax advantages through bonus and accelerated depreciation. Under the One Big Beautiful Bill Act (OBBBA), qualifying assets such as gas stations may allow investors to deduct 100% of eligible property costs in the first year of service, potentially offering substantial federal income tax savings (Consult Professional Tax Advisor).
Circle K | Absolute NNN Lease | Fee-Simple Ownership
Investment Highlights
- 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)
Auto Service - Gas-Conv
Circle K | Absolute NNN Lease | Fee-Simple Ownership
Listing Price: $2,300,000
Investment Highlights
- 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)
Investment Overview
Marcus & Millichap is pleased to present for sale a Circle K gas station/convenience store located in Newton, IL. The Property features an absolute triple-net (NNN) lease structure, which ensures the tenant is responsible for all property expenses, including real estate taxes, insurance, roof, structure, and the parking lot, leaving the landlord with zero management and maintenance responsibilities. The lease is corporately guaranteed by Circle K, Inc., a subsidiary of Alimentation Couche-Tard, which maintains an investment-grade credit rating of BBB+ from S&P. With the current lease term running through June 30, 2031, the asset provides over five years of firm term remaining, supported by three additional five-year renewal options that include 7.50 percent rent increases at each interval. The offering highlights significant potential tax advantages through bonus and accelerated depreciation. Under the One Big Beautiful Bill Act (OBBBA), qualifying assets such as gas stations may allow investors to deduct 100% of eligible property costs in the first year of service, potentially offering substantial federal income tax savings (Consult Professional Tax Advisor).
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
