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Circle K Manchester

3357 Manchester Rd, Akron, OH 44319

Listing Price: $2,473,794

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
$883.50
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.66

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Circle K Manchester located in Akron, Ohio. Circle K Manchester is being offered for $2,473,794.

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 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
  • Fee-Simple Absolute Triple-Net Lease Structure – Zero Landlord Responsibilities
  • 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
  • Located Along Manchester Road with 14,700 Vehicles per Day
  • Manchester Road/Route 93 is a Major North / South Arterial Connecting Near-Downtown Akron to it's Southern Suburbs Including Kenmore, Portage Lakes, New Franklin, and Beyond

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Circle K Manchester

Listing Price: $2,473,794

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
$883.50
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.66

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 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
  • Fee-Simple Absolute Triple-Net Lease Structure – Zero Landlord Responsibilities
  • 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
  • Located Along Manchester Road with 14,700 Vehicles per Day
  • Manchester Road/Route 93 is a Major North / South Arterial Connecting Near-Downtown Akron to it's Southern Suburbs Including Kenmore, Portage Lakes, New Franklin, and Beyond

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Circle K Manchester located in Akron, Ohio. Circle K Manchester is being offered for $2,473,794.

Exclusively Listed By

Financing By

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