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 East 2nd Street, 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.