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Auto Service - Gas-Conv

Circle K Ridgewood Rd

2610 Ridgewood Rd, Akron, OH 44313

Listing Price: $1,969,873

Cap Rate
6.30%
Tenant Name
Circle K
Years Remaining On Lease
4.9
Gross SF
1,710
Guarantor
Corporate Guarantee
Rentable SF
1,710
Price/Gross SF
$1,151.97
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$72.57

Investment Overview

Circle K Absolute Triple-Net Lease with 5.2 Years Remaining in Akron, Ohio. Part of 11 property Ohio Circle K portfolio, property can be purchased together or individually. Highway Exit Site - Located at the I-77 Exit Ramps at Ridgewood Road with I-77 Seeing 71,500 Vehicles per Day.

Investment Highlights

  • Circle K Absolute Triple-Net Lease with 5.2 Years Remaining in Akron, Ohio
  • 1.5 Percent Annual Rent Increases in Current Term and First 25 Years of Options Provides Inflation Hedge and Substantial Net Operable Income Growth Over Hold Period
  • Full Corporate Guarantees from Parent Company Alimentation Couche-Tard Inc. (Public, Ticker: ATD.TO) & Subsidiary Mac's Convenience Stores LLC
  • Potential for Immediate Tax Savings via Qualifying as Section 1250 Real Property with 2022 Tax Year 100 Percent Bonus Depreciation, 15- Year Accelerated Depreciation Schedule, and/ or Cost Segregation Study*
  • Tenant Fully Indemnifies Landlord for Any and All Potential Environmental and Hazardous Materials Issues – Indemnification Survives Lease Termination
  • Original 20-Year Lease Commenced in 2007; Convenient Store with Eight Pump Canopied Gas Station on 0.76-Acre Lot

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Circle K Ridgewood Rd

Listing Price: $1,969,873

Cap Rate
6.30%
Tenant Name
Circle K
Years Remaining On Lease
4.9
Gross SF
1,710
Guarantor
Corporate Guarantee
Rentable SF
1,710
Price/Gross SF
$1,151.97
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$72.57

Investment Highlights

  • Circle K Absolute Triple-Net Lease with 5.2 Years Remaining in Akron, Ohio
  • 1.5 Percent Annual Rent Increases in Current Term and First 25 Years of Options Provides Inflation Hedge and Substantial Net Operable Income Growth Over Hold Period
  • Full Corporate Guarantees from Parent Company Alimentation Couche-Tard Inc. (Public, Ticker: ATD.TO) & Subsidiary Mac's Convenience Stores LLC
  • Potential for Immediate Tax Savings via Qualifying as Section 1250 Real Property with 2022 Tax Year 100 Percent Bonus Depreciation, 15- Year Accelerated Depreciation Schedule, and/ or Cost Segregation Study*
  • Tenant Fully Indemnifies Landlord for Any and All Potential Environmental and Hazardous Materials Issues – Indemnification Survives Lease Termination
  • Original 20-Year Lease Commenced in 2007; Convenient Store with Eight Pump Canopied Gas Station on 0.76-Acre Lot

Investment Overview

Circle K Absolute Triple-Net Lease with 5.2 Years Remaining in Akron, Ohio. Part of 11 property Ohio Circle K portfolio, property can be purchased together or individually. Highway Exit Site - Located at the I-77 Exit Ramps at Ridgewood Road with I-77 Seeing 71,500 Vehicles per Day.

Exclusively Listed By

Financing By

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