Auto Service - Gas-Conv

24 Hour Corporate Circle K, Scio

101 East Main St, Scio, OH 43988

Listing Price: $659,118

Cap Rate
8.50%
Tenant Name
Circle K
Years Remaining On Lease
4.70
Gross SF
2,569
Guarantor
Corporate Guarantee
Rentable SF
2,569
Price/Gross SF
$256.57
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.81

Investment Overview

Marcus & Millichap is pleased to present for sale this Corporate
Guaranteed Circle K investment property located at 101 East
Main Street in Scio, Ohio. Scio is a city in Harrison County
Ohio, about 50 miles from Akron. Akron is the fifth largest city
in the state of Ohio.
This property is located on a main street hard corner in the
downtown area and in close vicinity to The United States Postal
Service. Just down the street from this property is Harrison
North Elementary School and Harrison School District with
over 1,700 students districtwide.
Circle K has been a tenant at this location or 39 years and
currently operates as a 24 Hour Convenience Store.
Circle K is an American multinational chain of convenience
stores. It is owned by Alimentation Couche-Tard Inc. and
operates over 16,000 stores in the 50 U.S. States as well as
Asia and Latin America. It is currently headquartered in Tempe,
Arizona. Couche-Tard reported earnings of 473.1 Million for
Second Quarter Fiscal 2019, up from 432.5 Million in 2018.

Investment Highlights

  • Rare Corporate Guaranteed Circle K with more than 6 Yearson the Absolute NNN Lease
  • 24 Hour Convenience Store with 39 Years of Operating Experience
  • Low Rent and Low Price Point: Strong Intrinsic Value
  • Hard Corner Signalized Intersection on Main Street
  • No Gas Station within 20 Minutes Drive
  • Fee Simple Ownership: Accelerated Depreciation (See Accountant)

Exclusively Listed By

Auto Service - Gas-Conv

24 Hour Corporate Circle K, Scio

Listing Price: $659,118

Cap Rate
8.50%
Tenant Name
Circle K
Years Remaining On Lease
4.70
Gross SF
2,569
Guarantor
Corporate Guarantee
Rentable SF
2,569
Price/Gross SF
$256.57
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.81

Investment Highlights

  • Rare Corporate Guaranteed Circle K with more than 6 Yearson the Absolute NNN Lease
  • 24 Hour Convenience Store with 39 Years of Operating Experience
  • Low Rent and Low Price Point: Strong Intrinsic Value
  • Hard Corner Signalized Intersection on Main Street
  • No Gas Station within 20 Minutes Drive
  • Fee Simple Ownership: Accelerated Depreciation (See Accountant)

Investment Overview

Marcus & Millichap is pleased to present for sale this Corporate
Guaranteed Circle K investment property located at 101 East
Main Street in Scio, Ohio. Scio is a city in Harrison County
Ohio, about 50 miles from Akron. Akron is the fifth largest city
in the state of Ohio.
This property is located on a main street hard corner in the
downtown area and in close vicinity to The United States Postal
Service. Just down the street from this property is Harrison
North Elementary School and Harrison School District with
over 1,700 students districtwide.
Circle K has been a tenant at this location or 39 years and
currently operates as a 24 Hour Convenience Store.
Circle K is an American multinational chain of convenience
stores. It is owned by Alimentation Couche-Tard Inc. and
operates over 16,000 stores in the 50 U.S. States as well as
Asia and Latin America. It is currently headquartered in Tempe,
Arizona. Couche-Tard reported earnings of 473.1 Million for
Second Quarter Fiscal 2019, up from 432.5 Million in 2018.

Exclusively Listed By

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