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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
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
-
- Retailer
- -
- -
- -
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.
| 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
Presented by
Circle K | 404 W Morgan St
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