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Circle K -W Market
1693 W Market St, Akron, OH 44313
Listing Price: $2,554,633
Cap Rate
5.95%
Tenant Name
Circle K
Years Remaining On Lease
5.9
Gross SF
4,977
Guarantor
Corporate Guarantee
Rentable SF
4,977
Price/Gross SF
$513.29
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.54
Investment Overview
Marcus & Millichap is pleased to present for sale, Circle K W Market located in Akron, Ohio. Circle K currently has an absolute triple-net lease with 6.2 years remaining in Akron, Ohio. Circle K W Market is being offered for $2,554,633.
Circle K -W Market
Investment Highlights
- Circle K Absolute Triple-Net Lease with 6.2 Years Remaining in Akron, Ohio
- Outparcel to New Whole Foods Anchored Class "A" Shopping Center with Orangetheory, Lululemon, Moe's SW Grill, Piada, Great Clips, Pet People, and More
- 1.5 Percent Annual Rent Increases in Current Term and First 25 Years of Options Provides Inflation Hedge and Substantial Net Operating Income Growth Over Hold Period
- Full Corporate Guarantees from Parent Company Alimentation Couche-Tard Inc. (Public, Ticker: ATD. TO) and 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
Listing Price: $2,554,633
Cap Rate
5.95%
Tenant Name
Circle K
Years Remaining On Lease
5.9
Gross SF
4,977
Guarantor
Corporate Guarantee
Rentable SF
4,977
Price/Gross SF
$513.29
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.54
Investment Highlights
- Circle K Absolute Triple-Net Lease with 6.2 Years Remaining in Akron, Ohio
- Outparcel to New Whole Foods Anchored Class "A" Shopping Center with Orangetheory, Lululemon, Moe's SW Grill, Piada, Great Clips, Pet People, and More
- 1.5 Percent Annual Rent Increases in Current Term and First 25 Years of Options Provides Inflation Hedge and Substantial Net Operating Income Growth Over Hold Period
- Full Corporate Guarantees from Parent Company Alimentation Couche-Tard Inc. (Public, Ticker: ATD. TO) and 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
Investment Overview
Marcus & Millichap is pleased to present for sale, Circle K W Market located in Akron, Ohio. Circle K currently has an absolute triple-net lease with 6.2 years remaining in Akron, Ohio. Circle K W Market is being offered for $2,554,633.
