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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+ locations
- Demographic Growth Supporting Retail Demand: Pittsboro has experienced consistent population growth, supported by a strong median household income
- 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, solidifying its position
- Strategic Location within the Indianapolis Metroplex: Located in Hendricks County, Pittsboro benefits from its strategic position
Executive Summary
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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.
Shell is an international energy company with expertise in the exploration, production, refining and marketing of oil and natural gas, and the manufacturing and marketing of chemicals. They use advanced technologies and take an innovative approach to help build a sustainable energy future. They invest in power, including from renewable sources such as wind and solar. They also invest in electric vehicle charging and low-carbon fuels for transport, such as advanced biofuels and hydrogen
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Retailer | - | - | - | ||
|
Mining, Quarrying, and Oil and Gas Extraction | - | - | - |
Property Taxes
| Parcel Number | 32-02-31-355-012.000-019 | Improvements Assessment | $97,100 |
| Land Assessment | $30,000 | Total Assessment | $127,100 |
Property Taxes
Presented by
Circle K | 301 N Meridian St
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