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26369940
26369941

610 W 7th Ave, Augusta, KS 67010

PF
IL 475118789
Matthews
NS
IL IL 475210757
Matthews
Listed by Matthews
$1,995,000
42 days on market
Updated 42 days ago

Circle K Stores, Inc. - Abs. NNN - Augusta, KS (Wichita MSA)

Details
Property Type Retail
Sub Type Convenience Store, Gas Station (+1)
Square Footage 2,640
Cap Rate 7.25%
NOI $144,691
Occupancy 100%
Tenancy Single
Brand/Tenant Circle K
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 11/30/2030
Remaining Term 5.3
Rent Bumps Yes
Lease Options Three, 5-year options
Year Built 1988
Buildings 1
Stories 1
Acreage 1.050
Zoning URB: Urban District
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/02/2010
Ground Lease No
Ownership Fee Simple

Absolute NNN Circle K on US-400 with corporate guarantee, prime visibility, and strong local traffic

Investment highlights

  • CORPORATE GUARANTEE: The property is leased to an affiliate of Cross America Partners LP (1,800 locations) and is further guaranteed by Circle K Stores Inc., a wholly owned subsidiary of Alimentation Couche-Tard (TSX: ATD), the largest company-operated convenience store chain in North America with ~17,000 locations worldwide across 26 countries.

  • ABSOLUTE NNN LEASE: There are zero landlord responsibilities – tenant directly handles property taxes, insurance, CAM, roof, and structure, creating a fully passive investment property.

  • 100% BONUS DEPRECIATION IN YEAR 1 - Fee simple ownership of a Gas Station qualifies for 100% Bonus Depreciation in Year-1 through the accelerated Bonus Depreciation model (Consult your CPA).

  • PROMINENT HIGHWAY INTERSECTION: Strategically positioned at a signalized intersection along W 7th Ave (US-400) with strong visibility and exposure, directly serving the Wichita MSA, just 20 minutes east of Wichita, benefiting from regional commuter and local traffic. This positioning not only supports strong daily fuel and convenience demand but also solidifies Circle K’s role as a highway travel stop and local neighborhood c‑store.

  • MAJOR EMPLOYERS & INDUSTRY: Augusta is part of the Wichita metro labor shed, anchored by Spirit AeroSystems, Textron Aviation, and Wesley Medical Center, providing a stable employment base and fuel demand.

  • STRONG DAYTIME POPULATION: Centrally located within Augusts K-12 public school district, serving 1,962 students across five schools within 2 miles of the property. This sizeable student population supports consistent weekday traffic, family-oriented midday visits, and repeat convenience store usage from parents, teachers, and students.

  • REGIONAL TRADE AREA: Directly across from Walmart Supercenter, a dominant regional retail anchor and daily traffic generator, driving consistent fuel and convenience store visits. Surrounded by other national retailers including Dollar Tree, Tractor supply, O’Reilly Auto Parts, McDonald’s, Pizza Hut, Wendy’s, Taco Bell, and Sonic Drive-Thru.

Listing Contacts

PF
IL 475118789
Matthews
NS
IL IL 475210757
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$144,691.20
$12,057.60/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

Map

Zoning

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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Kyle Matthews
License
239429, #CO00002672 (KS)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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