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Circle K | Corporate Guarantee | 10 Year Abs NNN

1800 6th St, Umatilla, OR 97882

Listing Price: $3,200,000

Cap Rate
4.50%
Tenant Name
Circle K Stores Inc.
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
5,196
Lease Type
Absolute Net
Rent Per Square Feet
$20.79

Investment Overview

Marcus and Millichap Seattle is pleased to present the sale offering for an outstanding passive investment property secured by Circle K Corporation with an investment grade corporate guarantee from the parents company Alimentation Couche-Tard Inc. The property is secured by a new 10 year Absolute Net lease and will be undergoing a complete remodel and rebranding in 2022. The large land area of nearly two acres is situated on a very prominent high traffic corner location. The property features excellent visibility, access and signage and the facility remodel will only bolster an already successful service station and convenience store. The Umatilla Circle K investment property offers the savvy long term passive investor an outstanding opportunity to purchase a well performing and well-located asset with an extremely strong lease guarantor in a burgeoning growth market.

Investment Highlights

  • Brand New Lease
  • High Traffic, High Visibility
  • Strong Corporate Guarantee

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s) OR: 201209561

    Oregon

Auto Service - Gas-Conv

Circle K | Corporate Guarantee | 10 Year Abs NNN

Listing Price: $3,200,000

Cap Rate
4.50%
Tenant Name
Circle K Stores Inc.
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
5,196
Lease Type
Absolute Net
Rent Per Square Feet
$20.79

Investment Highlights

  • Brand New Lease
  • High Traffic, High Visibility
  • Strong Corporate Guarantee

Investment Overview

Marcus and Millichap Seattle is pleased to present the sale offering for an outstanding passive investment property secured by Circle K Corporation with an investment grade corporate guarantee from the parents company Alimentation Couche-Tard Inc. The property is secured by a new 10 year Absolute Net lease and will be undergoing a complete remodel and rebranding in 2022. The large land area of nearly two acres is situated on a very prominent high traffic corner location. The property features excellent visibility, access and signage and the facility remodel will only bolster an already successful service station and convenience store. The Umatilla Circle K investment property offers the savvy long term passive investor an outstanding opportunity to purchase a well performing and well-located asset with an extremely strong lease guarantor in a burgeoning growth market.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s): OR: 201209561

    Oregon

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