Listed by CBRE - Atlanta, CBRE Atlanta, CBRE - Indianapolis
$2,750,000
Circle K Lafayette, IN
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 5,200
Pumps 5
Cap Rate 5.25%
NOI $145,000
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 01/31/2041
Remaining Term 14.6
Rent Bumps Yes
Lease Options Seven 5-Year Options
Class A
Year Built 2026
Acreage 1.830
Parking Spaces 26 spaces
Parking Per SqFt 5.00
Investment Type Net Lease
Lease Commencement 01/13/2026
Ground Lease Yes
Retail | 5.25% CAP | 5,200 SqFt
Marketing description
CBRE is pleased to offer a new construction Circle K ground lease in Lafayette, Indiana. The asset is leased on an absolute NNN basis to Mac’s Convenience Stores LLC, a subsidiary of Alimentation Couche-Tard, and provides long-term, passive income with zero landlord responsibilities.
With approximately 14.6 years of lease term remaining, 5% rent increases, and a location at a signalized hard corner in a growing residential corridor, the offering presents a compelling combination of durable cash flow, contractual growth, and strong real estate fundamentals.
Investment highlights
- Circle K is a global chain of convenience stores bought in 2003 by Alimentation Couche-Tard, a Canadian company established in 1951. Known for its wide range of products, including snacks, beverages, and fuel, Circle K operates thousands of locations across 27 countries and territories. Alimentation Couche-Tard has strategically expanded its footprint through acquisitions and rebranding, making Circle K a recognizable name in the convenience store sector. The tenant under the lease—Mac's Convenience Stores LLC—is owned and operated by Alimentation Couche-Tard.
- Circle K's ground lease features ±14.6 years of term remaining with a 5% increase in 2031 and 2036 during the initial term and a 5% increase in each of the seven 5-year renewal options.
- Offered as an absolute NNN ground lease, providing an investor with a truly passive investment with zero exposure to capital expenditures, maintenance, or structural repairs. Circle K recently opened in January 2026.
- Circle K is positioned at the intersection of South 9th Street (8,623 VPD) and Twyckenham Boulevard (9,977 VPD), ensuring excellent visibility, easy ingress/egress, and continuous drive-by exposure.
- Embedded within a residential pocket of South Lafayette, the immediate trade area encompasses 5,734 households within a 1-mile radius. This dense local footprint positions Circle K as the primary 'first and last stop' convenience and fueling hub for neighborhood commuters, ensuring consistent daily baseline traffic independent of broader submarket draw.
- Circle K is a quarter mile north of Amelia Earhart Elementary School (455 students) on South 9th Street. This immediate proximity guarantees a highly predictable, twice-daily surge of built-in neighborhood traffic from parents, teachers, and school staff during the peak morning drop-off and afternoon pick-up hours.
Listing Contacts
Listed by CBRE - Atlanta, CBRE Atlanta, CBRE - Indianapolis
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$145,000.00
$12,083.33/mo
Valuation Metrics
0
DSCR
5.27%
Cap Rate
5.27%
ROI
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