Circle K | Absolute NNN Lease

101 E Main St, Scio, OH 43988, USA
$800,357

Description

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.

  • Rare Corporate Guaranteed Circle K with more than 6 Years on 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)

Property Documents

  • City: Scio
  • State/county: Ohio
  • Zip/Postal Code: 43988
  • Country: United States

Detail

  • Price: $800,357

Additional details

  • CAP Rate: 7.00%
  • NOI: $56,025

Features