Auto Service - Gas-Conv
Circle K Barberton
224 31st St SW, Barberton, OH 44203
Listing Price: $1,465,952
Cap Rate
6.30%
Tenant Name
Circle K
Years Remaining On Lease
4.9
Gross SF
2,800
Guarantor
Corporate Guarantee
Rentable SF
2,800
Price/Gross SF
$523.55
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.98
Investment Overview
Circle K Absolute Triple-Net Lease with 5.2 Years Remaining in Barberton, Ohio (Akron MSA). Part of the 11 Property Ohio Circle K Portfolio. Can be purchased together or individually. Located Along 31st Street SW with 7,100 Vehicles per Day.
Circle K Barberton
Investment Highlights
- Circle K Absolute Triple-Net Lease with 5.2 Years Remaining in Barberton, Ohio (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) & 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 & Hazardous Materials Issues – Indemnification Survives Lease Termination
- Original 20-Year Lease Commenced in 2007; Attractive All-Brick Convenient Store with Drive-Thru and Eight Pump Canopied Gas Station on 0.4-Acre Lot
Listing Price: $1,465,952
Cap Rate
6.30%
Tenant Name
Circle K
Years Remaining On Lease
4.9
Gross SF
2,800
Guarantor
Corporate Guarantee
Rentable SF
2,800
Price/Gross SF
$523.55
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.98
Investment Highlights
- Circle K Absolute Triple-Net Lease with 5.2 Years Remaining in Barberton, Ohio (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) & 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 & Hazardous Materials Issues – Indemnification Survives Lease Termination
- Original 20-Year Lease Commenced in 2007; Attractive All-Brick Convenient Store with Drive-Thru and Eight Pump Canopied Gas Station on 0.4-Acre Lot
Investment Overview
Circle K Absolute Triple-Net Lease with 5.2 Years Remaining in Barberton, Ohio (Akron MSA). Part of the 11 Property Ohio Circle K Portfolio. Can be purchased together or individually. Located Along 31st Street SW with 7,100 Vehicles per Day.
