610 W 7th Ave · Augusta, KS 67010 · Convenience / Fuel
We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.
Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.
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.
CORPORATE GUARANTEE: The property is leased to an affiliate of Cross America Partners LP (1,800 locations) and is further guaranteed by Circle K Stores Inc., a wholly owned subsidiary of Alimentation Couche-Tard (TSX: ATD), the largest company-operated convenience store chain in North America with ~17,000 locations worldwide across 26 countries.
ABSOLUTE NNN LEASE: There are zero landlord responsibilities – tenant directly handles property taxes, insurance, CAM, roof, and structure, creating a fully passive investment property.
100% BONUS DEPRECIATION IN YEAR 1 - Fee simple ownership of a Gas Station qualifies for 100% Bonus Depreciation in Year-1 through the accelerated Bonus Depreciation model (Consult your CPA).
PROMINENT HIGHWAY INTERSECTION: Strategically positioned at a signalized intersection along W 7th Ave (US-400) with strong visibility and exposure, directly serving the Wichita MSA, just 20 minutes east of Wichita, benefiting from regional commuter and local traffic. This positioning not only supports strong daily fuel and convenience demand but also solidifies Circle K’s role as a highway travel stop and local neighborhood c‑store.
MAJOR EMPLOYERS & INDUSTRY: Augusta is part of the Wichita metro labor shed, anchored by Spirit AeroSystems, Textron Aviation, and Wesley Medical Center, providing a stable employment base and fuel demand.
STRONG DAYTIME POPULATION: Centrally located within Augusts K-12 public school district, serving 1,962 students across five schools within 2 miles of the property. This sizeable student population supports consistent weekday traffic, family-oriented midday visits, and repeat convenience store usage from parents, teachers, and students.
REGIONAL TRADE AREA: Directly across from Walmart Supercenter, a dominant regional retail anchor and daily traffic generator, driving consistent fuel and convenience store visits. Surrounded by other national retailers including Dollar Tree, Tractor supply, O’Reilly Auto Parts, McDonald’s, Pizza Hut, Wendy’s, Taco Bell, and Sonic Drive-Thru.
We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.
Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.
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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.