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Views: 17 DOM: 21 Updated: 04.26.24 Posted: 04.26.24 Status: Active

Summary

Price $3,485,166
Built/Renov 1995
Tenant Circle K
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,000
Lease Start 04-18-1995
#Units 16,700
Price/SF $1,161.72
Expiration 04-30-2025
Tenant Type Convenience/Gas
NOI $209,110
R. Term 0.11
Ownership Fee Simple
Rent/SF $69.70
Increases 10.0%/5/yrs
Pop 5Mi 4,608
Lot/AC 1.27
Options 1/10yrs/10%
AHHI 5Mi $67,166

Lease Highlights

  • Circle K has been operating in this location since 1995
  • The tenant has 1 year remaining on the current lease term with 1 (10-year) option to extend
  • The lease features a 10% rental escalation at the start of the remaining option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Circle K is strategically located at the signalized, hard corner intersection of E Northbrook Drive and State Route 47, with access to a daily traffic count of 20,000 vehicles. Situated conveniently off the Barack Obama Presidential Expressway, which sees a traffic count of 20,000 VPD, the property enjoys prime visibility. Surrounding the immediate area are well-known national tenants...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Circle K
  • Guarantor:Corp T and Rated
  • Company:Alimentation Couche-Tard
  • # Units:16,700
  • Tenant S&P: BBB+
  • Moody’s: Baa1
  • Stock: TSX: ATD

About Tenant

Circle K Stores, Inc. is an international chain of convenience stores, and the largest independent convenience store operator in the U.S. in terms of the number of company-operated stores. Founded...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 207 3,981 4,386
2023 Total Population : 212 4,069 4,483
2023 Employed Civilian Pop : 112 1,887 2,090
2023 Total Businesses : 29 184 193
2023 Average Household Income : $ 82,172 $ 81,910 $ 83,538
2023 Total Consumer Spending : $ 7 M $ 124 M $ 138 M
2023 Median Age : 42 43 43
2023 Total Households : 108 1,747 1,906
2023 Pop Age 25+: Bachelor's Degree : 11 347 387
2023 Average Home Value : $ 98,148 $ 143,796 $ 155,385
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Rte 47 W Northbrook 2009 6,300 0.03 mi
State Rte 47 W Northbrook 2007 6,800 0.07 mi
State Rte 47 W Northbrook 2009 8,100 0.07 mi
State Rte 47 E 3300 Rd N 2009 6,300 0.11 mi
IL 47 Old 66 Hwy 2021 5,250 0.17 mi
State Rte 47 W Northbrook 2009 8,100 0.17 mi
State Rte 47 2022 825 0.21 mi
State Rte 47 Old 66 Hwy 2005 6,400 0.25 mi
Old 66 Highway 2019 700 0.26 mi
2006 1,950 0.27 mi

Listing Broker

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