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Circle K 103 W Jourdan St 6 129 pi² Commerce de détail Immeuble Newton, IL 62448 3 126 850 $ CAD (510,17 $ CAD/pi²) 6% Taux de capitalisation
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Faits saillants de l'investissement
- Absolute triple-net lease with zero landlord responsibilities.
- Circle K exercised a renewal option early in 2016 extending their lease until 2031.
- Circle K, Inc. holds a strong, investment-grade credit rating of BBB+ (S&P).
- Tenant is responsible for all expenses at the property (Real Estate Taxes, Insurance, Roof, Structure and Parking Lot).
- The lease is backed by Circle K, Inc., a subsidiary of Alimentation Couche-Tard, Inc-publicly-traded Canadian multi-national operator of gas stations.
Résumé de l'annonce
The Property features an absolute triple-net (NNN) lease structure, which ensures the tenant is responsible for all property expenses, including real estate taxes, insurance, roof, structure, and the parking lot, leaving the landlord with zero management and maintenance responsibilities.
The lease is corporately guaranteed by Circle K, Inc., a subsidiary of Alimentation Couche-Tard, which maintains an investment-grade credit rating of BBB+ from S&P. With the current lease term running through June 30, 2031, the asset provides over five years of firm term remaining, supported by three additional five-year renewal options that include 7.50% rent increases at each interval.
The offering highlights significant potential tax advantages through bonus and accelerated depreciation. Under the One Big Beautiful Bill Act (OBBBA), qualifying assets such as gas stations may allow investors to deduct 100% of eligible property costs in the first year of service, potentially offering substantial federal income tax savings (Consult Professional Tax Advisor).
Steven Weinstock | Marcus & Millichap Illinois Broker of Record | One Mid-America Plaza Suite 200, Oakbrook Terrace, IL 60181 | Phone: 630-570-2200 | Steven.Weinstock@marcusmillichap.com | License: 471.011175
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Faits sur la propriété
Principaux locataires
- Locataire
- Secteur
- pi² Occupé
- Loyer/pi²
- Type de bail
- Fin du bail
-
- Détaillant
- 6 129 pi²
- 30,59 $ CAD
- Loyer hypernet
- Juin 2031
Circle K is a global convenience store brand that originated in 1951 when Fred Hervey purchased three Kay’s Food Stores in El Paso, Texas. Initially focused on the southwestern United States, the company expanded rapidly through acquisitions and franchising, entering international markets by 1979. After filing for bankruptcy in 1990, Circle K underwent ownership changes before being acquired in 2003 by Alimentation Couche-Tard, a Canadian multinational based in Laval, Quebec. Today, Circle K operates thousands of locations worldwide, offering convenience retail and fuel services under various fuel brands. The company introduced a global rebranding initiative in 2015 to unify its identity across markets. Circle K is a subsidiary of Alimentation Couche-Tard, which trades publicly on the Toronto Stock Exchange under the ticker ATD.
| Locataire | Secteur | pi² Occupé | Loyer/pi² | Type de bail | Fin du bail | |
|
|
Détaillant | 6 129 pi² | 30,59 $ CAD | Loyer hypernet | Juin 2031 |
Impôts fonciers
| Numéro de lot | 90-12-01-131-015 | Évaluation des bâtiments | 285 329 $ CAD |
| Évaluation du terrain | 41 215 $ CAD | Évaluation totale | 326 545 $ CAD |
Impôts fonciers
Contacts
-
Jordan Klink -
Jeremie Johnson -
Nathan Whalen -
Steven Weinstock -
Marcus & Millichap
Présenté par
Circle K | 103 W Jourdan St
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