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Auto Service - Gas-Conv

Circle K - 940 Arlington

940 S Arlington St, Akron, OH 44306

Listing Price: $1,810,881

Cap Rate
5.95%
Tenant Name
Circle K
Years Remaining On Lease
5.9
Gross SF
2,800
Guarantor
Corporate Guarantee
Rentable SF
2,800
Price/Gross SF
$646.74
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.48

Investment Overview

Marcus & Millichap is pleased to present for sale, Circle K - 940 Arlington located in Akron, Ohio. Circle K currently has an absolute triple-net lease with 6.2 years remaining. Circle K - 940 Arlington is being offered for $1,810,881.

Investment Highlights

  • Circle K Absolute Triple-Net Lease with 6.2 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
  • 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 21-Year Lease Commenced in 2007; Attractive All-Brick Convenient Store with Drive-Thru and 12-Pump Canopied Gas Station on 0.45-Acre Lot
  • Located at Hard Corner, Four-Way Signalized Intersection of S Arlington Street and Archwood Avenue with Combined Traffic Counts of 16,700 Cars per Day
  • Just 0.6-Mile from I-77 Exit Ramps at Archwood Avenue; I-77 Sees 116,100 Vehicles per Day

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Circle K - 940 Arlington

Listing Price: $1,810,881

Cap Rate
5.95%
Tenant Name
Circle K
Years Remaining On Lease
5.9
Gross SF
2,800
Guarantor
Corporate Guarantee
Rentable SF
2,800
Price/Gross SF
$646.74
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.48

Investment Highlights

  • Circle K Absolute Triple-Net Lease with 6.2 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
  • 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 21-Year Lease Commenced in 2007; Attractive All-Brick Convenient Store with Drive-Thru and 12-Pump Canopied Gas Station on 0.45-Acre Lot
  • Located at Hard Corner, Four-Way Signalized Intersection of S Arlington Street and Archwood Avenue with Combined Traffic Counts of 16,700 Cars per Day
  • Just 0.6-Mile from I-77 Exit Ramps at Archwood Avenue; I-77 Sees 116,100 Vehicles per Day

Investment Overview

Marcus & Millichap is pleased to present for sale, Circle K - 940 Arlington located in Akron, Ohio. Circle K currently has an absolute triple-net lease with 6.2 years remaining. Circle K - 940 Arlington is being offered for $1,810,881.

Exclusively Listed By

Financing By

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