For Sale
$4,123,000

3840 Martin Luther King Jr Dr Decatur, IL 62526

High-Yield Gas Station & Store, Decatur, IL

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a fee-simple owned, 6,886 square foot Circle K gas station and convenience store located at 3840 N Martin Luther King Jr Dr, Decatur, IL 62526. The property sits on a 0.6-acre lot with 20 parking spaces and benefits from a highly visible location in a dense retail corridor near Hickory Point Mall and a Walmart Supercenter. Currently operating under a 7-year Absolute NNN lease with a corporate guarantee from Circle K, this property offers significant upside potential with four 5-year lease options and scheduled rental increases. The property boasts a strong pro-forma NOI of $247,377 and is 100% occupied. The B2 zoning provides flexibility for future development. This is a turnkey investment with zero landlord responsibilities, offering a secure and profitable return for the discerning investor. The property's location within Macon County, Illinois, provides access to a strong demographic profile within a 5-mile radius. The asking price is $4,123,000. The property features a single unit and the APN is 07-07-26-376-017.

Highlights

  • 7-year absolute NNN lease with Circle K (corporate guarantee), four 5-year options, and scheduled rent increases.
  • Fee-simple ownership, absolute NNN lease, zero landlord responsibilities.
  • Excellent location in dense retail corridor near Hickory Point Mall and Walmart Supercenter.
  • Strong demographics within a 5-mile radius.

Property Details for 3840 Martin Luther King Jr Dr

Property type
Retail properties, Retail space
Square Feet
6,886 SF
Lot Size (sq. ft)
26,136 SF
Units
1

Location Insight

City
Decatur
County
Macon
State
Illinois
Latitude
39.8925791
Longitude
-88.9500495
3840 Martin Luther King Jr Dr, Decatur, Illinois

FAQs

What type of property is this?
Retail property - High-Yield Gas Station & Store, Decatur, IL
Where is the retail property located?
The property is located at 3840 Martin Luther King Jr Dr Decatur, IL.
What is the asking price?
The asking price for this property is $4,123,000.
What are key features of this property?
This property features: 7-year absolute NNN lease with Circle K (corporate guarantee), four 5-year options, and scheduled rent increases.; Fee-simple ownership, absolute NNN lease, zero landlord responsibilities.; Excellent location in dense retail corridor near Hickory Point Mall and Walmart Supercenter.
How can I contact the broker?
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3840 Martin Luther King Jr Dr
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