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Virtual Drive-By

Circle K Absolute NNN

1800 6th St · Umatilla, OR 97882 · Convenience / Fuel

Asking price
$3,215,000
Cap rate
5.04%
NOI
$162,000

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Lease

Lease typeAbsolute NNN
Term remaining15.2 yrs
Expiration09/2041
Rent bumpsCPI with 10% max every 5 Yrs.
OptionsTwo 5 Year
Ground leaseNo
Credit profileCredit Rated
TenancySingle

Planning a 1031 Exchange

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Property

Building SF4,255
Price / SF$756
Year built1985
Lot size1.94 ac
TypeConvenience Store, Gas Station
Days on market439

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

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    100% Passive Absolute Net Leased Investment

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    Zero Landlord Obligations

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    15+ Year Guaranteed Base Lease Term Remaining

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    Very High-Volume Consistent Fuel and C-Store Demand

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    Dual Guarantors Circle K Corp. and Evergreen Energy Group LLC

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    Port of Entry and Weigh Station for Oregon / Washington Border

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    Primary East-West Corridor Connecting OR, WA, ID, MT

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    CPI to 10% Rent Increases Every 5 Years

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    Servicing Mission Critical Travel Corridor Location

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    May Qualify For Accelerated Depreciation

Property overview

Linc Properties is pleased to present the exclusive opportunity to acquire a high-volume Circle K fuel and convenience center including a Subway located at the strategic hub of an essential regional transportation corridor for Washington, Oregon, Idaho and Montana.​ The investment is secured by an Absolute Triple-Net (NNN) lease with zero landlord responsibilities, backed by a 15+ year guaranteed base term.​ The lease is reinforced by two strong overlapping corporate guarantees from both Circle K Corporation, one of the world’s leading convenience retail brands, and Evergreen Energy LLC, a proven fuel operator with a growing regional presence.​ The site is directly across from Oregon’s Port of Entry and weigh station, a mandatory stop for all commercial truck traffic entering from Washington, generating a consistent, built-in stream of fuel demand.​ The interchange experiences over 12,000 vehicles per day, including a significant volume of commercial freight and agricultural transport moving between key regional markets.​ This offering represents a rare opportunity to acquire a mission-critical fueling infrastructure asset with strong tenant credit, passive income structure, and exceptional long-term stability in a high-traffic logistics corridor.​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.