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301 N Meridian St, Pittsboro, IN, 46167

Circle K
$1,136,563

Key Information

$ per SF
$645
Tot. SF
1,760
Lot Size
0.46 Acres
Year Built
1987/R 2010
Type
Retail
NOI
$62,512

Highlights

  • Absolute NNN Lease: The asset is subject to an absolute triple-net lease, with the tenant responsible for all property expenses, including maintenance, taxes, and insurance—resulting in a true passive investment with no landlord responsibilities.
  • Established Operating History: Circle K has successfully operated at this location since 2010, demonstrating long-term operational stability and a strong commitment to the site.
  • National Brand Strength: Circle K is a top-tier convenience store operator, ranking second nationally with approximately 15,000+ locations across 48+ states—driving consistent consumer traffic through recognized brand loyalty.
  • Minimal Local Competition: The site enjoys limited direct competition from nearby fuel stations or convenience stores, solidifying its position as a primary destination for fuel and convenience retail in the immediate trade area.
  • Demographic Growth Supporting Retail Demand: Pittsboro has experienced consistent population growth, supported by a strong median household income base that underpins local convenience retail demand.
  • Strategic Location within the Indianapolis Metroplex: Located in Hendricks County, Pittsboro benefits from its strategic position within the economically robust Indianapolis metropolitan area.
  • Bonus Depreciation Potential: The asset may be eligible for 100% bonus depreciation, offering potential tax advantages to qualified investors. Buyers are advised to consult with their CPA for specific applicability.

Photos

Location

Agents

Broker of Record

Kyle Matthews

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