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Circle K 404 W Morgan St 2,400 SF Retail Building Spencer, IN 47460 $1,201,051 CAD ($500.44 CAD/SF)
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+ locations
- County Seat Location: Situated in Spencer, the county seat of Owen County, the site experiences steady daily traffic generated by government offices
- Established Operating History: Circle K has successfully operated at this location since 2010, demonstrating long-term operational stability
- Prominent Main Street Frontage: Strategically positioned along a primary local thoroughfare, the property benefits from strong visibility
- Proximity to National Retailers: The property is located near major national brands including McDonald’s, Wendy’s, Pizza Hut, and Dairy Queen
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,400 SF
Building Class
C
Year Built/Renovated
2003/2010
Price
$1,201,051 CAD
Price Per SF
$500.44 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.40 AC
Frontage
125’ on Morgan St
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
La mission du Cercle K est de rendre la vie de leurs clients un peu plus facile chaque jour. Circle K fait partie de collectivités de l'Amérique du Nord, de l'Europe, de l'Asie et du Moyen-Orient, ce qui les aide à devenir l'une des plus grandes entreprises de détail de commodité et de carburant au monde. La société mère de Circle K, Alimentation Couche-Tard (« Couche-Tard »), est un chef de file dans l'industrie canadienne des dépanneurs. Ensemble, Circle K éclaircit les voyages dans plus de 14 200 magasins dans 26 pays à travers le monde.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | - |
PROPERTY TAXES
| Parcel Number | 60-10-20-400-400.304-028 | Improvements Assessment | $184,266 CAD |
| Land Assessment | $72,074 CAD | Total Assessment | $256,340 CAD |
PROPERTY TAXES
Parcel Number
60-10-20-400-400.304-028
Land Assessment
$72,074 CAD
Improvements Assessment
$184,266 CAD
Total Assessment
$256,340 CAD
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Circle K | 404 W Morgan St
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