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30931767
30931768

115 Clifty Dr, Madison, IN 47250

CC
TX 752167
Matthews
AI
TX 678815
Matthews
Listed by Matthews
$1,008,000
84 days on market
Updated 71 days ago

Circle K | Signalized Corner

Details
Property Type Retail
Sub Type Convenience Store, Gas Station (+1)
Square Footage 1,500
Pumps 4
Cap Rate 5%
NOI $50,400
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Circle K (+4)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/01/2029
Remaining Term 3
Lease Options One, 5-Year Option
Price per SqFt $672
Year Built 1975
Acreage 0.370
Investment Type Net Lease
Lease Commencement 06/01/2014
Ownership Fee Simple

Low Rent Circle K, over 33,000VPD

Investment highlights

  • Absolute NNN Lease: The property operates under an absolute triple-net (NNN) lease structure, with the tenant responsible for all operating expenses, including maintenance, taxes, and insurance, providing the landlord with a passive and predictable income stream.

  • 24-Hour Operations: The location operates 24 hours a day, capturing consistent fueling demand and convenience store traffic throughout all hours of the day and night.

  • Strong Brand Recognition: Circle K benefits from significant national brand recognition, operating in 48 states with approximately 15,000 convenience store locations, ranking as the second-largest convenience store operator in the United States.

  • Historic Riverfront Community: Madison, Indiana is a historic city located along the Ohio River and represents the largest city along the river between Louisville and Cincinnati, providing strong regional visibility and steady tourism traffic.

  • Signalized Corner Location: Positioned at the signalized intersection of Clifty Drive and Michigan Rd, the property benefits from excellent visibility and access, with exposure along two primary local thoroughfares that enhance drive-by traffic and impulse convenience and fueling stops

  • Retail Corridor Synergy: The property is located within a strong retail corridor surrounded by numerous national retailers including Taco Bell, Zaxby’s, Hobby Lobby, Kohl’s, Walgreens, Valvoline, KFC, Scooter’s Coffee, Dunkin’, and others, driving consistent consumer traffic to the area.

  • Bonus Depreciation Potential: The property may qualify for 100% bonus depreciation, offering potential tax advantages for investors. Prospective buyers should consult with a qualified CPA to confirm eligibility.

Listing Contacts

CC
TX 752167
Matthews
AI
TX 678815
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$50,400.00
$4,200.00/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Kyle Matthews
License
RC52200195, RB17001213 (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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