Log In/Sign Up
Your email has been sent.
Circle K 404 W Morgan St 2,400 SF Retail Building Spencer, IN 47460 $868,200 ($361.75/SF)
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
- County Seat Location: Situated in Spencer, the county seat of Owen County, the site experiences steady daily traffic generated by government offices
- Established Operating History: Circle K has successfully operated at this location since 2010, demonstrating long-term operational stability
- Prominent Main Street Frontage: Strategically positioned along a primary local thoroughfare, the property benefits from strong visibility
- Proximity to National Retailers: The property is located near major national brands including McDonald’s, Wendy’s, Pizza Hut, and Dairy Queen
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,400 SF
Building Class
C
Year Built/Renovated
2003/2010
Price
$868,200
Price Per SF
$361.75
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.40 AC
Frontage
125’ on Morgan St
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
Circle K is an international convenience store chain founded in 1951 in El Paso, Texas by Fred Hervey. The company operates retail outlets offering convenience goods, fuel, and quick-service food across North America, Europe, Asia, and the Middle East.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | - |
PROPERTY TAXES
| Parcel Number | 60-10-20-400-400.304-028 | Improvements Assessment | $133,200 |
| Land Assessment | $52,100 | Total Assessment | $185,300 |
PROPERTY TAXES
Parcel Number
60-10-20-400-400.304-028
Land Assessment
$52,100
Improvements Assessment
$133,200
Total Assessment
$185,300
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Circle K | 404 W Morgan St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.