Circle K For Sale Columbus, IN 47201

Convenience Stores/Gas Station / C-Store & Restaurant / 2415 West Jonathan Moore Pike , Columbus Indiana 47201

 
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Tyler Ellinger

Marcus & Millichap

Office Phone: 801-736-2632

Cell Phone: 801-736-2632

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Published on: Monday, February 23, 2015 9:05:56 PM
Updated on: Monday, February 23, 2015 9:05:56 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Indiana-40986

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 100%

Year Build: 0

 

Building Size: 3,600 SqFt

Lot Size: 1 Acre

No of Stories: 1

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: Circle K is located at 2415 West Jonathan Moore Pike, Columbus, Indiana, just off Interstate 65 and State Road 46 and a short drive from Indianapolis, Cincinnati and Louisville. The subject property is an approximate 3600-square-foot, single-tenant building on an estimated 1.25 acres of land. There are approximately 49,991 people within a five-mile radius and the average household income exceeds $72,000.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 5.12

Commission Split (%): 0

Complete Details


Year Build: 0

Building Size: 3,600 SqFt.

No of Stories: 1

Total Lot Area: 1.00 Acre

No of Parking: 0

No of Total Units: 1

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Heating and Cooling

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 100%

Full Description


Circle K is visible to approximately 36,906 vehicles per day, as it is situated on a hard, signalized corner. This ideal location in a highly active commercial corridor provides convenient access to the neighboring hotels, conference center and other area attractions. Major neighboring tenants include IHop, Culvers, McDonalds, Starbucks, Comfort Inn, Clarion Inn and Super 8. In 2014, Circle K's rent to fuel sales ratio was 1.32 percent. Circle K has 13 years left on a absolute triple-net (NNN) lease with no landlord responsibilities and is corporate backed by Mac's Convenient Stores LLC, A Delaware limited liability company. There are five, 5-year renewal options remaining with five percent increases in each option. Circle K is a part of Alimenation Couche-Tard of Canada. The Company's operations currently include a network of 5,883 stores, 4,142 of which offer petroleum products, in 43 American States, the District of Columbia and ten Canadian provinces. Other operations include Europe, Mexico, Japan, China and Indonesia. Couch-Tard stores serve more than 25 million visitors per week and employ 53,000 staff members. The Subject property is guaranteed by Mac’s Convenient Stores, LLC. The first Mac's store was opened in Richmond Hill, Ontario in 1961. Expansion throughout Canada brought Mac's number of stores to 825 locations in 1986. Further expansion and restructuring, and eventually being acquired by Alimentation Couche-Tard, has made them the largest national convenience store network in Canada. After launching into the US market between 2001-2004, Couche-Tard has been counted as the second largest convenience store chain in North America since 2007.

Attached Documents


 Download | West Shore Plaza II, Holland MI OM.pdf ( 2,241.61KB)

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