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Circle K 1005 N Riley Hwy 3,152 SF 100% Leased Retail Building Shelbyville, IN 46176 $2,350,861 ($745.83/SF) 6.50% Cap Rate
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+
- Generous Lot Size: Situated on ±2.21 acres, the parcel offers an optimal footprint for gas station and convenience store development
- Established Operating History: Circle K has successfully operated at this location since 2010, demonstrating long-term operational stability
- Minimal Local Competition: The site enjoys limited direct competition from nearby fuel stations or convenience stores
- Strategic Location within the Indianapolis Metroplex: Located in Hendricks County, Shelbyville benefits from its strategic position
Executive Summary
Broker of Record
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,152 SF
Building Class
B
Year Built/Renovated
1993/2010
Price
$2,350,861
Price Per SF
$745.83
Cap Rate
6.50%
NOI
$152,807
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
2.21 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
20 Spaces (6.35 Spaces per 1,000 SF Leased)
Frontage
241’ on N Riley Hwy
Nearby Major Retailers
Property Taxes
| Parcel Number | 73-07-32-100-010.000-002 | Improvements Assessment | $313,300 |
| Land Assessment | $349,400 | Total Assessment | $662,700 |
Property Taxes
Parcel Number
73-07-32-100-010.000-002
Land Assessment
$349,400
Improvements Assessment
$313,300
Total Assessment
$662,700
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Circle K | 1005 N Riley Hwy
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