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Shopping Strip

Circle K

103 W Jourdan St, Newton, IL 62448

Listing Price: $2,290,000

Cap Rate
5.60%
Gross SF
6,129
Rentable SF
6,129
Price/Gross SF
$373.63
Lot Size
1.40 acres
Year Built
1999

Investment Overview

Circle K operates on the corner of north Van Buren and west Jourdan Street in the heart of downtown Newton. The buildings sits across the street from town hall and next to CVS, Subway, and Dairy Queen. Circle K is only one of three gas stations in town showing a lack of market competition.

The tenant signed an original 15-year lease in 2005 and elected to renew their lease four years early in 2016, extending the lease through June 30, 2031. Circle Ks early renewal is a clear illustration of the success and commitment to this location. There are now over 10 years left on the current lease, with three five-year renewals available. There are rare rent increases of 7.50% every five years in the base term and renewal options. The lease is absolute triple net and therefore calls for zero landlord responsibility.

Circle K is one of the largest company-owned convenience stores in the country with over 9,700 locations. Circle K is owned and operated by Canadian-based Alimentation Couche-Tard, which is publicly traded under the stock symbol ATD.B and carries an investment grade credit rating of (B1 Moodys).

Investment Highlights

  • Corporate Guarantee from Circle K | 9,700+ Locations
  • Circle K is one of the Largest Company-Owned Convenience Store in the Country
  • Circle K is Owned by Canada-Based Alimentation Couche-Tard
  • Alimentation Couche-Tard is Publically Traded | ATD.B (S&P/TSX 60 Component)
  • Absolute NNN Lease | Zero Landlord Responsibility
  • 10+ Years Remaining on Current Lease

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Listing Price: $2,290,000

Cap Rate
5.60%
Gross SF
6,129
Rentable SF
6,129
Price/Gross SF
$373.63
Lot Size
1.40 acres
Year Built
1999

Investment Highlights

  • Corporate Guarantee from Circle K | 9,700+ Locations
  • Circle K is one of the Largest Company-Owned Convenience Store in the Country
  • Circle K is Owned by Canada-Based Alimentation Couche-Tard
  • Alimentation Couche-Tard is Publically Traded | ATD.B (S&P/TSX 60 Component)
  • Absolute NNN Lease | Zero Landlord Responsibility
  • 10+ Years Remaining on Current Lease

Investment Overview

Circle K operates on the corner of north Van Buren and west Jourdan Street in the heart of downtown Newton. The buildings sits across the street from town hall and next to CVS, Subway, and Dairy Queen. Circle K is only one of three gas stations in town showing a lack of market competition.

The tenant signed an original 15-year lease in 2005 and elected to renew their lease four years early in 2016, extending the lease through June 30, 2031. Circle Ks early renewal is a clear illustration of the success and commitment to this location. There are now over 10 years left on the current lease, with three five-year renewals available. There are rare rent increases of 7.50% every five years in the base term and renewal options. The lease is absolute triple net and therefore calls for zero landlord responsibility.

Circle K is one of the largest company-owned convenience stores in the country with over 9,700 locations. Circle K is owned and operated by Canadian-based Alimentation Couche-Tard, which is publicly traded under the stock symbol ATD.B and carries an investment grade credit rating of (B1 Moodys).

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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