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PHILLIPS 66 (CIRCLE K) 610 W 7th Ave 2,640 SF Retail Building Augusta, KS 67010 $3,192,883 CAD ($1,209.43 CAD/SF) 6.28% Cap Rate
INVESTMENT HIGHLIGHTS
- CORPORATE GUARANTEE: Leased to a Cross America affiliate, guaranteed by Circle K (subsidiary of Alimentation Couche-Tard, ~17,000 stores worldwide).
- PROMINENT HIGHWAY INTERSECTION: Signalized US-400 intersection near Wichita, offering high visibility, strong traffic, and consistent demand
- STRONG DAYTIME POPULATION: Central to Augusta’s K-12 district, serving 1,962 students and driving steady weekday traffic.
- ABSOLUTE NNN LEASE: Tenant covers all expenses, making it a fully passive investment.
- MAJOR EMPLOYERS & INDUSTRY: Part of Wichita metro, anchored by major employers driving stable jobs and fuel demand.
- REGIONAL TRADE AREA: Across from Walmart and surrounded by national retailers, driving steady fuel and c-store traffic.
EXECUTIVE SUMMARY
License No. #CO00002672 (KS)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 2,640 SF
- $75.91 CAD
- Triple Net
- Nov 2030
With numerous years of experience, Phillips 66 are well positioned to help fulfill global energy needs. They are a diversified energy manufacturing and logistics company with unique businesses in Refining, Midstream, Chemicals, and Marketing and Specialties. Their company comprises a number of heritage, joint venture and acquired brands. In the decade since Phillips 66 became a standalone company, it has written a number of new chapters in its history. The company has pursued ambitious infrastructure projects that helped cement the company’s leading positions in the crude and natural gas liquids value chains, and it has shared its success, returning billions to shareholders. And it stayed steadfast and relentless in its vision of providing energy and improving lives.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 2,640 SF | $75.91 CAD | Triple Net | Nov 2030 |
NEARBY MAJOR RETAILERS
Presented by
PHILLIPS 66 (CIRCLE K) | 610 W 7th Ave
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