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115 Clifty Dr, Madison, IN, 47250

Circle K
$1,008,000

Key Information

Cap Rate
5%
$ per SF
$672
Tot. SF
1,500
Lot Size
0.37 Acres
Year Built
1975
Term Remaining
± 5 Years
Type
Retail
NOI
$50,400

Highlights

  • 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.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RC52200195, RB17001213 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203