Circle K | 7yrs Remain Corp Abs NNN | 401 S Main St
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Circle K | 7yrs Remain Corp Abs NNN 401 S Main St
5,742 SF Retail Building Creve Coeur, IL 61610 £2,360,426 (£411/SF) 6.75% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 7 Years Remaining | Options To Extend | Scheduled Rental Increases | Circle K Credit
- Signalized, Hard-Corner Intersection | Near Major Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, True Blue Car Wash (Circle K backed) investment property located in Creve Coeur, Illinois. The tenant will have 7 years of term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The lease is backed by Circle K, while the car wash is branded True Blue.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,742 SF
Building Class
C
Year Built
2019
Price
£2,360,426
Price Per SF
£411
Net Initial Yield
6.75%
NOI
£159,312
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Lot Size
0.94 AC
Zoning
Commercial
Parking
29 Spaces (5.05 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Freeway Visibility
- Signage
- Signalised Intersection
PROPERTY TAXES
| Parcel Number | 05-05-06-309-001 | Improvements Assessment | £208,017 |
| Land Assessment | £24,081 | Total Assessment | £232,098 |
PROPERTY TAXES
Parcel Number
05-05-06-309-001
Land Assessment
£24,081
Improvements Assessment
£208,017
Total Assessment
£232,098
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Circle K | 7yrs Remain Corp Abs NNN | 401 S Main St
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