404 W Morgan St - Convenience Store FOR SALE
Spencer, IN 47460 |
$868,200 USD
214-692-2040
404 W Morgan St
Spencer, IN 47460
HIGHLIGHTS
- Absolute NNN Lease: The asset is subject to an absolute triple-net lease, with the tenant responsible for all property expenses, including maintenance
- Established Operating History: Circle K has successfully operated at this location since 2010, demonstrating long-term operational stability
- National Brand Strength: Circle K is a top-tier convenience store operator, ranking second nationally with approximately 15,000+ locations
- Prominent Main Street Frontage: Strategically positioned along a primary local thoroughfare, the property benefits from strong visibility
- County Seat Location: Situated in Spencer, the county seat of Owen County, the site experiences steady daily traffic generated by government offices
- Proximity to National Retailers: The property is located near major national brands including McDonald’s, Wendy’s, Pizza Hut, and Dairy Queen
FOR SALE DETAILS
PRICE
$868,200 USD
PRICE/SF
$362 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Circle K
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.4 AC
LAND SF
17,555 SF
ZONING
-
APN/PARCEL ID
60-10-20-400-400.304-028
ASK ABOUT THIS PROPERTY
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214-692-2040
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214-692-2040
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