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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.
Circle K Manchester
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
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.
