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103 W Jourdan St
Newton, IL 62448

$2,300,000 USD

Convenience Store For Sale  •  6,129 SF

Property Details

• Property Type Convenience Store
• Total Building Size 6,129 SF
• Lot Size 1.16 AC
• Building Class C
• Year Built 1998
• Cap Rate 6.00 %
• Tenancy Single

50 Walk Score

Highlights

Absolute triple-net lease with zero landlord responsibilities.

Tenant is responsible for all expenses at the property (Real Estate Taxes, Insurance, Roof, Structure and Parking Lot).

Circle K exercised a renewal option early in 2016 extending their lease until 2031.

The lease is backed by Circle K, Inc., a subsidiary of Alimentation Couche-Tard, Inc-publicly-traded Canadian multi-national operator of gas stations.

Circle K, Inc. holds a strong, investment-grade credit rating of BBB+ (S&P).

Cap Rate:

6.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Circle K	6,129 SF	6/30/2031

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	12
Type:	Surface
Included in Rent:	Yes