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Circle K 606 N Main St 1,799 SF Retail Building North Webster, IN 46555 $868,200 ($482.60/SF) 5% 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+ locations
- 24/7 Operations: The property operates continuously, 24 hours a day, maximizing revenue potential by capturing demand across all hours
- Established Operating History: Circle K has successfully operated at this location since 2010, demonstrating long-term operational stability and a str
- Prominent Main Street Frontage: Strategically positioned along a primary local thoroughfare, the property benefits from strong visibility
- Seasonal Population Surge: The local population increases by over 50% during the summer months, driven by lake tourism and seasonal visitors
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
1,799 SF
Building Class
C
Year Built
1955
Price
$868,200
Price Per SF
$482.60
Cap Rate
5%
NOI
$43,410
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.86 AC
Zoning
COMME
Frontage
250’ on MAIN ST
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 43-08-10-100-020.000-024 | Improvements Assessment | $128,600 |
| Land Assessment | $139,100 | Total Assessment | $267,700 |
PROPERTY TAXES
Parcel Number
43-08-10-100-020.000-024
Land Assessment
$139,100
Improvements Assessment
$128,600
Total Assessment
$267,700
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Circle K | 606 N Main St
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