Atlantic Capital Partners has been exclusively
engaged in soliciting offers for the sale of this Circle
K located in Indianapolis, IN. The 4,127 SF asset sits
atop 1.435 acres and is positioned at the signalized
intersection of North Shadeland Avenue and East
21st Street, which sees a combined 55,000 vehicles
per day. The asset sits just off of Exit 89 of I-70 which
sees over 145,000 vehicles per day and is located
approximately 8 miles east of Indianapolis.
Located at 2080 Shadeland Avenue, Circle K has
been operating at this location for over twenty years.
The initial 20-year lease was signed in June 2004
and rent commenced in December 2004. Circle K
has recently exercised their first of four, five-year
renewal options, providing term through November
2029. Circle K is currently paying $230,935 and
features 10% rent increases at the start of each
option. This Abs NNN lease allows for a completely
passive investment for an absentee owner.