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Auto Service - Gas-Conv

Circle K -1178 S Arlington

1178 S Arlington St, Akron, OH 44306

Listing Price: $2,154,944

Cap Rate
6.25%
Tenant Name
Circle K
Years Remaining On Lease
4.9
Gross SF
2,862
Guarantor
Corporate Guarantee
Rentable SF
2,862
Price/Gross SF
$752.95
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.06

Investment Overview

Circle K Absolute Triple-Net Lease with 5.2 Years Remaining in Akron, Ohio. Part of the 11 Property Ohio Circle K Portfolio. Can be purchased together or individually. Located at Hard Corner, Four-Way Signalized Intersection of S Arlington Rd and E Wilbeth Rd with Combined Traffic Counts of 29,600 Cars per Day. Just 0.6-Mile from I-77 Exit Ramps at Wilbeth Rd; I-77 Sees 117,100 Vehicles per Day.

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 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 Drive-Thru and 12-Pump Canopied Gas Station on 0.7-Acre Lot

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Circle K -1178 S Arlington

Listing Price: $2,154,944

Cap Rate
6.25%
Tenant Name
Circle K
Years Remaining On Lease
4.9
Gross SF
2,862
Guarantor
Corporate Guarantee
Rentable SF
2,862
Price/Gross SF
$752.95
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.06

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 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 Drive-Thru and 12-Pump Canopied Gas Station on 0.7-Acre Lot

Investment Overview

Circle K Absolute Triple-Net Lease with 5.2 Years Remaining in Akron, Ohio. Part of the 11 Property Ohio Circle K Portfolio. Can be purchased together or individually. Located at Hard Corner, Four-Way Signalized Intersection of S Arlington Rd and E Wilbeth Rd with Combined Traffic Counts of 29,600 Cars per Day. Just 0.6-Mile from I-77 Exit Ramps at Wilbeth Rd; I-77 Sees 117,100 Vehicles per Day.

Exclusively Listed By

Financing By

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