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Circle K 1005 N Riley Hwy 3,152 SF 100% Leased Retail Building Shelbyville, IN 46176 $2,980,191 CAD ($945.49 CAD/SF) 7.05% Cap Rate
Investment Highlights
- Absolute NNN Lease: The asset is subject to an absolute triple-net lease, with the tenant responsible for all property expenses, including maintenance
- National Brand Strength: Circle K is a top-tier convenience store operator, ranking second nationally with approximately 15,000+
- Generous Lot Size: Situated on ±2.21 acres, the parcel offers an optimal footprint for gas station and convenience store development
- Established Operating History: Circle K has successfully operated at this location since 2010, demonstrating long-term operational stability
- Minimal Local Competition: The site enjoys limited direct competition from nearby fuel stations or convenience stores
- Strategic Location within the Indianapolis Metroplex: Located in Hendricks County, Shelbyville benefits from its strategic position
Executive Summary
Broker of Record
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,152 SF
Building Class
B
Year Built/Renovated
1993/2010
Price
$2,980,191 CAD
Price Per SF
$945.49 CAD
Cap Rate
7.05%
NOI
$210,104 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
2.21 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
20 Spaces (6.35 Spaces per 1,000 SF Leased)
Frontage
241’ on N Riley Hwy
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 73-07-32-100-010.000-002 | Improvements Assessment | $512,466 CAD |
| Land Assessment | $477,609 CAD | Total Assessment | $990,075 CAD |
Property Taxes
Parcel Number
73-07-32-100-010.000-002
Land Assessment
$477,609 CAD
Improvements Assessment
$512,466 CAD
Total Assessment
$990,075 CAD
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Presented by
Circle K | 1005 N Riley Hwy
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