Auto Service - Gas-Conv
Circle K Maple Heights - Abs NNN w Inv. Grade Credit
5270 Northfield Rd, Maple Heights, OH 44137
Listing Price: $2,396,929
Cap Rate
6.25%
Tenant Name
Circle K
Years Remaining On Lease
3.9
Gross SF
2,967
Guarantor
Corporate Guarantee
Rentable SF
2,967
Price/Gross SF
$807.86
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.66
Investment Overview
Marcus & Millichap is pleased to present for sale, Circle K Maple Heights in Maple Heights, Ohio. Circle K Maple Heights is being offered for $222,704.
Circle K Maple Heights - Abs NNN w Inv. Grade Credit
Investment Highlights
- Circle K Absolute Triple-Net Lease with 4.2 Years Remaining in Maple Heights, Ohio (Cleveland MSA)
- 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
- 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*
- Couche-Tard Carries S&P "BBB" Investment-Grade Credit Rating with Stable Outlook
- Couche-Tard is One of the Largest Gas and Convenience Retailers in the World with Over 14,000 Global Locations, Over 7,000 Throughout 48 U.S. States
- Tenant Fully Indemnifies Landlord for Any and All Potential Environmental and Hazardous Materials Issues – Indemnification Survives Lease Termination
Auto Service - Gas-Conv
Circle K Maple Heights - Abs NNN w Inv. Grade Credit
Listing Price: $2,396,929
Cap Rate
6.25%
Tenant Name
Circle K
Years Remaining On Lease
3.9
Gross SF
2,967
Guarantor
Corporate Guarantee
Rentable SF
2,967
Price/Gross SF
$807.86
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.66
Investment Highlights
- Circle K Absolute Triple-Net Lease with 4.2 Years Remaining in Maple Heights, Ohio (Cleveland MSA)
- 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
- 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*
- Couche-Tard Carries S&P "BBB" Investment-Grade Credit Rating with Stable Outlook
- Couche-Tard is One of the Largest Gas and Convenience Retailers in the World with Over 14,000 Global Locations, Over 7,000 Throughout 48 U.S. States
- 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 Maple Heights in Maple Heights, Ohio. Circle K Maple Heights is being offered for $222,704.
