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Circle K

1827 S Lincoln Ave, Salem, OH 44460

Listing Price: $1,370,819

Cap Rate
5.25%
Tenant Name
Mac’s Convenience Stores, LLC
Years Remaining On Lease
6.8
Guarantor
Corporate Guarantee
Rentable SF
3,198
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.50

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Circle K located at 1827 South Lincoln Avenue in Salem, Ohio. The site constructed in 1995 and consists of roughly 3,198 rentable square feet of building space on estimated 1.05-acre parcel of land. This Circle K is subject to a triple-net (NNN) lease, which commenced on August 27th, 1998. The annual rent is $71,968. The tenant has exercised two (2), five (5)-year renewal options, which are set to expire on 2/28/2029. There is One (1), Five (5)-year tenant renewal option remaining.

Investment Highlights

  • Exceptional Store Performance | Please Contact Broker for More Information
  • Long Term Operating History | Tenant has Operated at this Location for More than 23 Years
  • Corporate Tenant

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Auto Service - Gas-Conv

Circle K

Listing Price: $1,370,819

Cap Rate
5.25%
Tenant Name
Mac’s Convenience Stores, LLC
Years Remaining On Lease
6.8
Guarantor
Corporate Guarantee
Rentable SF
3,198
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.50

Investment Highlights

  • Exceptional Store Performance | Please Contact Broker for More Information
  • Long Term Operating History | Tenant has Operated at this Location for More than 23 Years
  • Corporate Tenant

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Circle K located at 1827 South Lincoln Avenue in Salem, Ohio. The site constructed in 1995 and consists of roughly 3,198 rentable square feet of building space on estimated 1.05-acre parcel of land. This Circle K is subject to a triple-net (NNN) lease, which commenced on August 27th, 1998. The annual rent is $71,968. The tenant has exercised two (2), five (5)-year renewal options, which are set to expire on 2/28/2029. There is One (1), Five (5)-year tenant renewal option remaining.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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