This Retail Property is Off-Market.

4080 Jonathan Moore Pike
Columbus, IN 47202 ·

4,000 SF · Retail For Sale

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Circle K

Price N/A Cap Rate 7%
Building Size 4,000 SF Occupancy 100%
Property Type Retail No. Stories 1
Property Sub-type Service/Gas Station Tenancy Single
Property Use Type Net Lease Investment with 10+ years left on lease Year Built 2008
Commission Split 2% Lot Size 1.20 AC
Listing ID: 16381107 Date Created: 09/02/2009 Last Updated: 07/23/2010

Description

Net leased Circle K convience store with 8 gasoline dispensers.
This is a new Circle K on a new site. Twenty year lease with four 5-year renewals. The rent is increased every five years.
Properties that sell gasoline and meet requirements are allowed special depreciation on the improvements .

This property is well located near the intersection of Interstate 65 and Indiana Highway 46.
This is a high traffic area with a Menards, Walmart, and Sams Club behind this property . There is a Starbucks across the street to the east, and a Holiday Inn across the street to the north

Highlights

  • Rent: Yearly Primary Term
  • Jan, 1, 2009-Dec. 31, 2013 $172,241
  • Jan, 1, 2014-Dec . 31, 2018 $180,853
  • Jan. 1, 2019-Dec. 31, 2023 $189,896
  • Jan. 1, 2024-Dec. 31, 2028 $199,390
  • Five five year Extention Term Optione

Research

4080 Jonathan Moore Pike, Columbus, IN 47202 (Bartholomew County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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