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29305424
29305425

1005 N Riley Hwy, Shelbyville, IN 46176

CC
TX 752167
Matthews
Listed by Matthews
$2,167,475
20 days on market
Updated 20 days ago

Circle K | Truck Stop | Absolute NNN

Details
Property Type Retail
Sub Type Convenience Store, Gas Station (+1)
Net Rentable (SqFt) 3,152
Cap Rate 7.05%
NOI $152,807
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa (+3)
Lease Type Absolute NNN
Lease Expiration 09/30/2028
Remaining Term 2.3
Rent Bumps Yes
Broker Co-Op Yes
Acreage 2.210
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple

Corporate Site | 2.21AC Lot | Long-Term Operating History

Marketing description

This offering represents the opportunity to acquire a corporate-guaranteed Circle K convenience store in Indiana—available individually or as part of a larger four-property Circle K portfolio across the state. Each site features a long-term absolute NNN lease with scheduled rent increases, zero landlord responsibilities, and a best-in-class national operator with a proven track record.

The portfolio is ideal for 1031 exchange buyers, institutional investors, and private capital seeking passive, inflation-hedged income backed by one of the strongest brands in the convenience retail sector.

These Indiana locations are strategically positioned along high-traffic corridors with strong surrounding demographics and limited direct competition. Whether acquired individually or as part of the broader portfolio, this asset offers secure, long-term cash flow with minimal management and enduring real estate fundamentals.

Investment highlights

● Absolute NNN Lease: The asset is subject to an absolute triple-net lease, with the tenant responsible for all property expenses, including maintenance, taxes, and insurance—resulting in a true passive investment with no landlord responsibilities.

● Established Operating History: Circle K has successfully operated at this location since 2010, demonstrating long-term operational stability and a strong commitment to the site.

● National Brand Strength: Circle K is a top-tier convenience store operator, ranking second nationally with approximately 15,000+ locations across 48+ states—driving consistent consumer traffic through recognized brand loyalty.

● Minimal Local Competition: The site enjoys limited direct competition from nearby fuel stations or convenience stores, solidifying its position as a primary destination for fuel and convenience retail in the immediate trade area.

● Generous Lot Size: Situated on ±2.21 acres, the parcel offers an optimal footprint for gas station and convenience store development, with sufficient land to accommodate fueling infrastructure, parking, and ancillary services.

● Strategic Location within the Indianapolis Metroplex: Located in Hendricks County, Shelbyville benefits from its strategic position within the economically robust Indianapolis metropolitan area.

● County Seat Location: Located in Shelbyville, the county's administrative and commercial center, benefiting from a stable economic base, high daytime population, and sustained demand for essential retail services.

Listing Contacts

CC
TX 752167
Matthews
Listed by Matthews

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$152,807.00
$12,733.92/mo

Valuation Metrics

0
DSCR
7.05%
Cap Rate
7.05%
ROI

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Additional Information

Name
Kyle Matthews
License
RB17001213, RC52200195 (IN)
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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