Auto Service - Gas-Conv
Circle K Copley -Abs NNN w Inv. Grade Credit
2806 Copley Rd, Akron, OH 44321
Listing Price: $1,754,752
Investment Overview
Circle K Absolute Triple-Net Lease with 5.2 Years Remaining in Copley, OH (Akron MSA). Part of the 11 Property Ohio Circle K Portfolio. Can be purchased together or individually. Located at Hard Corner, Four-Way Signalized Intersection of Copley Rd and Jacoby Rd with 12,100 Vehicles per Day. Situated Directly Between I-77 Exit Ramps and Route 21 Exit Ramps (Two Miles East and West) - Copley Rd is a Major Daily Commuter Route for Local Residents.
Circle K Copley -Abs NNN w Inv. Grade Credit
Investment Highlights
- Circle K Absolute Triple-Net Lease with 5.2 Years Remaining in Copley, OH (Akron MSA)
- 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) 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
- Original 20-Year Lease Commenced in 2007; Attractive All-Brick Convenient Store with Eight Pump Canopied Gas Station on 0.7-Acre Lot
Auto Service - Gas-Conv
Circle K Copley -Abs NNN w Inv. Grade Credit
Listing Price: $1,754,752
Investment Highlights
- Circle K Absolute Triple-Net Lease with 5.2 Years Remaining in Copley, OH (Akron MSA)
- 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) 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
- Original 20-Year Lease Commenced in 2007; Attractive All-Brick Convenient Store with Eight Pump Canopied Gas Station on 0.7-Acre Lot
Investment Overview
Circle K Absolute Triple-Net Lease with 5.2 Years Remaining in Copley, OH (Akron MSA). Part of the 11 Property Ohio Circle K Portfolio. Can be purchased together or individually. Located at Hard Corner, Four-Way Signalized Intersection of Copley Rd and Jacoby Rd with 12,100 Vehicles per Day. Situated Directly Between I-77 Exit Ramps and Route 21 Exit Ramps (Two Miles East and West) - Copley Rd is a Major Daily Commuter Route for Local Residents.
