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Circle K E Market
1559 E Market St, Akron, OH 44305
Listing Price: $2,198,921
Cap Rate
6.30%
Tenant Name
Circle K
Years Remaining On Lease
4.9
Gross SF
1,624
Guarantor
Corporate Guarantee
Rentable SF
1,624
Price/Gross SF
$1,354.02
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$85.19
Investment Overview
Marcus & Millichap is pleased to present for sale, Circle K E Market located in Akron, Ohio. Circle K currently has an absolute triple-net lease with 5.2 years remaining. Circle K E Market is being offered for $2,198,921.
Circle K E Market
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
Listing Price: $2,198,921
Cap Rate
6.30%
Tenant Name
Circle K
Years Remaining On Lease
4.9
Gross SF
1,624
Guarantor
Corporate Guarantee
Rentable SF
1,624
Price/Gross SF
$1,354.02
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$85.19
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
Investment Overview
Marcus & Millichap is pleased to present for sale, Circle K E Market located in Akron, Ohio. Circle K currently has an absolute triple-net lease with 5.2 years remaining. Circle K E Market is being offered for $2,198,921.
