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Circle K Corp. Absolute Net 1800 6th St 5,196 SF 100% Leased Retail Building Umatilla, OR 97882 $4,370,533 CAD ($841.13 CAD/SF) 5% Cap Rate

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Investment Highlights

  • • 100% Passive Absolute Net Leased Investment
  • • 16 Year Guaranteed Base Lease Term Remaining
  • • Port of Entry and Weigh Station for Oregon / Washington Border
  • • Zero Landlord Obligations
  • • Very High-Volume Consistent Fuel and C-Store Demand
  • • Primary East-West Corridor Connecting OR, WA, ID, MT

Executive Summary

Linc Properties is pleased to present the exclusive opportunity to acquire a high-volume Circle K fuel and convenience center including a Subway located at the strategic hub of an essential regional transportation corridor for Washington, Oregon, Idaho and Montana. The investment is secured by an Absolute Triple-Net (NNN) lease with zero landlord responsibilities, backed by a 16-year guaranteed base term. The lease is reinforced by two strong overlapping corporate guarantees from both Circle K Corporation, one of the world’s leading convenience retail brands, and Evergreen Energy LLC, a proven fuel operator with a growing regional presence. The site is directly across from Oregon’s Port of Entry and weigh station, a mandatory stop for all commercial truck traffic entering from Washington, generating a consistent, built-in stream of fuel demand. The interchange experiences over 12,000 vehicles per day, including a significant volume of commercial freight and agricultural transport moving between key regional markets. This offering represents a rare opportunity to acquire a mission-critical fueling infrastructure asset with strong tenant credit, passive income structure, and exceptional long-term stability in a high-traffic logistics corridor.
• 100% Passive Absolute Net Leased Investment
• Zero Landlord Obligations
• 16 Year Guaranteed Base Lease Term Remaining
• Very High-Volume Consistent Fuel and C-Store Demand
• Dual Guarantors Circle K Corp. and Evergreen Energy Group LLC
• Port of Entry and Weigh Station for Oregon / Washington Border
• Primary East-West Corridor Connecting OR, WA, ID, MT
• CPI to 10% Rent Increases Every 5 Years
• Servicing Mission Critical Travel Corridor Location
• May Qualify For Accelerated Depreciation

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
5,196 SF
Building Class
C
Year Built
1985
Price
$4,370,533 CAD
Price Per SF
$841.13 CAD
Cap Rate
5%
NOI
$218,527 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
1.94 AC
Zoning
M-1
Parking
10 Spaces (1.92 Spaces per 1,000 SF Leased)
Frontage
460’ on 6th St

Amenities

  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
  • Monument Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Circle K
  • Retailer
  • -
  • -
  • Triple Net
  • Sep 2041
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Circle K Retailer - - Triple Net Sep 2041

Nearby Major Retailers

Harvest Foods Idaho
Banner Bank

Property Taxes

Property Taxes

Parcel Number
125716
Land Assessment
$288,201 CAD
Improvements Assessment
$1,387,847 CAD
Total Assessment
$1,676,048 CAD
  • Listing ID: 35846885

  • Date on Market: 2025-05-13

  • Last Updated:

  • Address: 1800 6th St, Umatilla, OR 97882

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