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23365961
23365962

1800 6th St, Umatilla, OR 97882

BL
18848, WA 18848
Linc Properties
Listed by Linc Properties
$3,215,000
386 days on market
Updated 20 days ago

Circle K Corp. Absolute Net

Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,255
Net Rentable (SqFt) 9,555
Pumps 11
Cap Rate 5.04%
NOI $162,000
Occupancy 100%
Tenancy Single
Brand/Tenant Circle K
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 09/19/2041
Remaining Term 15.3
Rent Bumps Yes
Lease Options Two 5 Year
Broker Co-Op Yes
Year Built 1985
Year Renovated 2021
Buildings 1
Stories 1
Acreage 1.940
Zoning M1
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 09/19/2021
Ground Lease No
Ownership Fee Simple

15+ Yr. Base Term / Zero Landlord Expenses

Marketing description

Linc Properties is pleased to present the exclusive opportunity to acquire a high-volume Circle K fuel and convenience center including a Subway located at the strategic hub of an essential regional transportation corridor for Washington, Oregon, Idaho and Montana. The investment is secured by an Absolute Triple-Net (NNN) lease with zero landlord responsibilities, backed by a 15+ year guaranteed base term. The lease is reinforced by two strong overlapping corporate guarantees from both Circle K Corporation, one of the world’s leading convenience retail brands, and Evergreen Energy LLC, a proven fuel operator with a growing regional presence. The site is directly across from Oregon’s Port of Entry and weigh station, a mandatory stop for all commercial truck traffic entering from Washington, generating a consistent, built-in stream of fuel demand. The interchange experiences over 12,000 vehicles per day, including a significant volume of commercial freight and agricultural transport moving between key regional markets. This offering represents a rare opportunity to acquire a mission-critical fueling infrastructure asset with strong tenant credit, passive income structure, and exceptional long-term stability in a high-traffic logistics corridor.

Investment highlights

  • 100% Passive Absolute Net Leased Investment

  • Zero Landlord Obligations

  • 15+ Year Guaranteed Base Lease Term Remaining

  • Very High-Volume Consistent Fuel and C-Store Demand

  • Dual Guarantors Circle K Corp. and Evergreen Energy Group LLC

  • Port of Entry and Weigh Station for Oregon / Washington Border

  • Primary East-West Corridor Connecting OR, WA, ID, MT

  • CPI to 10% Rent Increases Every 5 Years

  • Servicing Mission Critical Travel Corridor Location

  • May Qualify For Accelerated Depreciation

Listing Contacts

BL
18848, WA 18848
Linc Properties
Listed by Linc Properties

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$162,000.00
$13,500.00/mo

Valuation Metrics

0
DSCR
5.04%
Cap Rate
5.04%
ROI

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Additional Information

Name
Brian Brockman
License
201236414
Brokerage
Bang Realty-Oregon Inc.
Brokerage Phone
513.898.1551
Title
Broker of Record
Brokerage Address
P.O. Box 19622 Cincinnati, OH 45219
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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