Auto Service - Gas-Conv
Circle K Ridgewood Rd
2610 Ridgewood Rd, Akron, OH 44313
Listing Price: $1,969,873
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.
Circle K Ridgewood Rd
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
Listing Price: $1,969,873
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.
