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Auto Service - Gas-Conv

Circle K

3920 Tuscarawas St W, Canton, OH 44708

Listing Price: $3,740,000

Cap Rate
5.50%
Tenant Name
Circle K
Years Remaining On Lease
6.4
Gross SF
4,500
Guarantor
Corporate Guarantee
Rentable SF
4,500
Price/Gross SF
$831.11
Lease Type
Absolute Net
Rent Per Square Feet
$45.71

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an double net lease/absolute net lease Circle K in Canton, OH. The property consists of a 4,500-square-foot, freestanding building that sits on 1.14 acres of land. There are approximately 6.5 years remaining on the current lease term, with annual 1.5 percent rental escalations throughout the main term and options. The property has excellent access and visibility on Tuscarawas Street, where traffic counts exceed 21,230 vehicles per day. The area is extremely dense with more than 148,820 residents within a five-mile radius.

Investment Highlights

  • Absolute Net Lease with Approximately 6.5 Years Remaining
  • Next to a Walmart Supercenter and Canton Centre Mall, a 450,000-SF Regional Power Center
  • 2.7 Miles to the Pro Football Hall of Fame (200,000 Visitors Annually)
  • Attractive All-Brick Building with Drive-Thru & 22-Gas Pumps
  • Excellent Access and Visibility on Tuscarawas Street (21,230 Vehicles per Day)
  • 1.5% Annual Rent Increases
  • More than 148,820 Residents Within a Five-Mile Radius

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Auto Service - Gas-Conv

Circle K

Listing Price: $3,740,000

Cap Rate
5.50%
Tenant Name
Circle K
Years Remaining On Lease
6.4
Gross SF
4,500
Guarantor
Corporate Guarantee
Rentable SF
4,500
Price/Gross SF
$831.11
Lease Type
Absolute Net
Rent Per Square Feet
$45.71

Investment Highlights

  • Absolute Net Lease with Approximately 6.5 Years Remaining
  • Next to a Walmart Supercenter and Canton Centre Mall, a 450,000-SF Regional Power Center
  • 2.7 Miles to the Pro Football Hall of Fame (200,000 Visitors Annually)
  • Attractive All-Brick Building with Drive-Thru & 22-Gas Pumps
  • Excellent Access and Visibility on Tuscarawas Street (21,230 Vehicles per Day)
  • 1.5% Annual Rent Increases
  • More than 148,820 Residents Within a Five-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an double net lease/absolute net lease Circle K in Canton, OH. The property consists of a 4,500-square-foot, freestanding building that sits on 1.14 acres of land. There are approximately 6.5 years remaining on the current lease term, with annual 1.5 percent rental escalations throughout the main term and options. The property has excellent access and visibility on Tuscarawas Street, where traffic counts exceed 21,230 vehicles per day. The area is extremely dense with more than 148,820 residents within a five-mile radius.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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