Cap Rate
6.25%
Leasable Area
2,100 SF
Term Remaining
±6.08
NOI
$98,127
Property Type
Retail
LEAD LISTING AGENT
Lee Cordova
Senior Associate
Email
[email protected]
License No.
714883 (TX)
Direct
+1 (214) 692-2191
Mobile
+1 (903) 316-9434
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
- Corporate Guaranty (BBB: S&P) – Couche-Tard Operates More than 14,100 Stores in 26 Countries
- Couche – Tard Reported FY2022 Revenue of $62.8 Billion (FY 2018), Has a Market Cap of $57.8 Billion
- Couche – Tard is One of the Largest Gas & Convenience Retailers in the World with 14,000+ Global Locations, 7,000+ Throughout 48 U.S. States
- Open 24 Hours 7 Days a Week – 5 gas pumps and a large platform site to accommodate high-foot traffic and a consistent consumer base
- Inflation Protected Lease Structure – The lease Features 1.5% Annual Increases throughout the lease term which provides a great hedge against inflation
- Long-Term Lease with Zero Landlord Responsibilities – Triple-Net (NNN) Lease with Approximately ±6.08 Years Remaining On Initial Term
- Accelerated & Bonus Depreciation – This Property Qualifies for Both 100% Bonus Depreciation & 15 Year Accelerated Depreciation
- Part of the Cleveland–Akron–Canton Combined Statistical Area – Short 10 Minute Drive to Downtown Akron and 40 Minute Drive to Downtown Cleveland
- Dense Infill Demographics with 14,019/2-Mile, 114,443/5-Mile & 425,519/10-Mile Population Counts
- Circle K is located between Akron and NE Ohio, providing excellent access to all the
Cleveland and surrounding markets. The property is also located in summit county, which provides a strong skilled labor force and a mix of complementary businesses throughout. - Proximity to Airports – 40 Miles to Cleveland Hopkins International Airport & 20 Miles to Akron–Canton Airport
- Kent State was the third-largest university in Ohio with an enrollment of over 34,000 students in the eight-campus system and over 25,000 students at the main campus in Kent.
Broker of Record
- Kyle Matthews
- License No. 2022007141 (OH)
- (866) 889-0550
- Matthews Retail Group, Inc.
- 2321 Rosecrans Ave.,
Suite 1225 El Segundo, CA 90245