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404 W Morgan St, Spencer, IN, 47460

Circle K
$868,200

Key Information

$ per SF
$361
Lot Size
0.39 Acres
Year Built
2003/2010R
Type
Retail
NOI
$43,410
Leasable Area
2,400

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.
  • Prominent Main Street Frontage: Strategically positioned along a primary local thoroughfare, the property benefits from strong visibility and easy accessibility.
  • County Seat Location: Situated in Spencer, the county seat of Owen County, the site experiences steady daily traffic generated by government offices, the courthouse, and related civic activity.
  • Proximity to National Retailers: The property is located near major national brands including McDonald’s, Wendy’s, Pizza Hut, and Dairy Queen, creating a synergistic retail environment that supports sustained foot traffic.

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