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Auto Service - Gas-Conv

Circle K Albrecht

2767 Albrecht Ave, Akron, OH 44312

Listing Price: $1,679,730

Cap Rate
6.30%
Tenant Name
Circle K
Years Remaining On Lease
4.9
Gross SF
2,763
Guarantor
Corporate Guarantee
Rentable SF
2,763
Price/Gross SF
$607.94
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.30

Investment Overview

Marcus & Millichap is pleased to present for sale, Circle K Albrecht located in Akron, Ohio. Circle K currently has an absolute triple-net lease with 5.2 years remaining, Circle K Albrecht is being offered for $1,679,730.

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
  • 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; 1997-Built Attractive All-Brick Convenient Store with Drive-Thru and Eight-Pump Canopied Gas Station on 0.46-Acre Lot
  • Dense Infill Location in Akron's Ellet Neighborhood with 10,521/One-Mile and 52,767/Three- Mile Population Counts

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Circle K Albrecht

Listing Price: $1,679,730

Cap Rate
6.30%
Tenant Name
Circle K
Years Remaining On Lease
4.9
Gross SF
2,763
Guarantor
Corporate Guarantee
Rentable SF
2,763
Price/Gross SF
$607.94
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.30

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
  • 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; 1997-Built Attractive All-Brick Convenient Store with Drive-Thru and Eight-Pump Canopied Gas Station on 0.46-Acre Lot
  • Dense Infill Location in Akron's Ellet Neighborhood with 10,521/One-Mile and 52,767/Three- Mile Population Counts

Investment Overview

Marcus & Millichap is pleased to present for sale, Circle K Albrecht located in Akron, Ohio. Circle K currently has an absolute triple-net lease with 5.2 years remaining, Circle K Albrecht is being offered for $1,679,730.

Exclusively Listed By

Financing By

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