Skip to main content

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.

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

Exclusively Listed By

Financing By

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.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower