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5-Unit Circle K Portfolio, Various, USA

5-Unit Circle K Portfolio

Price $4,842,000
Cap Rate 5.75% return
NOI $278,376
Lease Term Various
Lease Type Absolute NNN, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases Various
Year Built Various
Building Size Various
Lot Size Various
Status Available
Lead Broker Information Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vince Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Fitzpatrick
Associate
319.431.1898
rfitzpatrick@iowaca.com

Investment Highlights

FIVE-PROPERTY CIRCLE K PORTFOLIO WITH STRONG REAL ESTATE FUNDAMENTALS
» Five Circle K leased assets: four locations in Ohio and one location in Michigan
» Established retailer with successful operating history at each location
» Absolute NNN leases requiring no landlord management, providing the ideal investment opportunity for an out-of-area investor
» Scheduled rental increases, providing a hedge against inflation
» Low rents at below market
» All locations have recently exercised their option periods, demonstrating a long-term commitment to the sites

WELL-POSITIONED ASSETS WITH EXCELLENT VISIBILITY AND EASY ACCESS
» All five properties are located at a hard corner, and 80% of the properties are located at a signalized intersection
» Positioned on high-traffic roadways with easy access and great visibility
» Several properties enjoy convenient access to nearby highways
» Located in retail corridors tenanted by national, regional, and local stores

CENTRAL LOCATIONS WITH STRONG DEMOGRAPHICS
» Close to major schools, employers, and densely populated residential neighborhoods
» Proximity to important community amenities like hospitals, parks, golf courses, and airports
» Strong customer base in surrounding area

HIGH-QUALITY CONSTRUCTION
» Ample parking and gas pumps at all properties
» C-stores at all properties, providing customer convenience and boosting sales revenue

GUARANTEED BY MAC’S CONVENIENCE STORES
» With over 500 stores, Mac’s is a subsidiary of Couche-Tard, a Fortune 500 company with over $51 billion in annual revenue



Property Description

Circle K – Baberberton, OH
The property is conveniently located at the signalized hard corner of Wooster Road West and 31st Street, with excellent visibility and access to 29,330 vehicles per day directly in front of the property. Access to Highway 21, a major transportation corridor with a traffic count of 31,617 vehicles per day, is located nearby. The property is located in a strong retail corridor and is surrounded by a solid mix of local, regional, and national tenants, including Rite Aid, Subway, Domino’s Pizza, Family Dollar, pizzaBOGO, and more. Additionally, Barberton’s downtown retail district—featuring major brands like Save-A-Lot, Dollar Tree, AutoZone, Kmart, Rainbow, Big Lots, McDonald’s, and Taco Bell—is less than two miles away from the property.

The property is centrally located within the Akron area and benefits from a large customer base. The property is just minutes from the 271-bed Summa Health System – Barberton Campus, which has 1,694 employees. The property is also near several schools, including Barberton Elementary School West (738 students), Norton Middle School (786 students), and Norton High School (806 students). Furthermore, the property is surrounded by residential neighborhoods, with more than 80,000 people living within a five-mile radius.

Circle K – Parma, OH
The property is conveniently located at the signalized hard corner of York Road and West Sprague Road, with excellent visibility and access to 34,483 vehicles per day directly in front of the property. The property is located in a strong retail cluster and is surrounded by a solid mix of local, regional, and national tenants, including Walgreens, McDonald’s, Advance Auto Parts, Verizon, Great Clips, and more. Additionally, Parma’s primary retail district—featuring major brands like Walmart Supercenter, JCPenney, Target, Giant Eagle Supermarket, PetSmart, and Dick’s Sporting Goods is just over two miles away from the property.

The property is centrally located and benefits from a large customer base. The property is just minutes from the 332-bed University Hospitals Parma Medical Center, which has 2,000 employees. The property is also near several schools, including Pleasant Valley Elementary School (932 students), Valley Forge High School (1,551 students), and Cuyahoga Community College West Campus (12,000 students). Additionally, the Cuyahoga Community College West Campus isn’t only for students; more than 100,000 non-students visit each year for events such as concerts and theatrical productions. Furthermore, the property is surrounded by densely populated residential neighborhoods, with 192,538 people living within a five-mile radius.

Circle K – Uniontown, OH
The property is conveniently located at the hard corner of Massillon Road and Sandy Knoll Drive, with excellent visibility and access to 27,334 vehicles per day directly in front of the property. The property benefits from immediate access to Interstate 77, an extremely busy highway between Akron and Canton, with a traffic count of 110,913 vehicles per day. The property is located in a strong retail and commercial cluster and is surrounded by a solid mix of local, regional, and national tenants, including Giant Eagle, Advance Auto Parts, Dunkin’ Donuts, McDonald’s, Acme Market, CVS, and more.

The property is centrally located and benefits from a strong customer base. The property is close to major employment centers, and nearly 10,000 daytime employees work within a one-mile radius. The property is also near several schools, including Green High School (1,272 students), Green Intermediate School (925 students), and Green Middle School (672 students). A number of recreational areas are also close by, including Mayfair Country Club, Ohio Prestwick Country Club, and Raintree Golf Course. Furthermore, the property is surrounded by affluent residential neighborhoods; the average household income within one miles of the property is $98,719, and 73,400 people live within a five-mile radius.

Circle k – Youngstown, OH
The property is conveniently located at the signalized hard corner of Mahoning Avenue and South Belle Vista Avenue, with excellent visibility and access to 25,613 vehicles per day directly in front of the property. The property benefits from immediate access to Interstate 680, a busy highway with a traffic count of 57,763 vehicles per day. Mahoning Avenue serves as a retail and commercial corridor, and the property is surrounded by a solid mix of local, regional, and national tenants, including Rite Aid, CVS, Dollar Tree, Family Dollar, O’Reilly Auto Parts, Burger King, Dollar General, and more.

The property is centrally located and benefits from a strong customer base. The property is approximately two miles from downtown Youngstown and Youngstown State University, which has a total enrollment of 12,756, employs 2,079 people, and serves as a major economic engine in the region. The property is also a short distance from the 388-bed Mercy Health — St. Elizabeth Youngstown Hospital. Furthermore, the property is surrounded by densely populated residential neighborhoods, with 138,680 people living within a five-mile radius.

Circle K – Kalamazoo, MI
The property is conveniently located at the hard corner of Golfview Avenue and Portage Street, with excellent visibility and access to 29,295 vehicles per day directly in front of the property. The property benefits from immediate access to Interstate 94, a busy highway with a traffic count of 85,462 vehicles per day. Portage Street serves as a retail and commercial corridor, and the property is surrounded by a solid mix of local, regional, and national tenants, including Dollar General, Dairy Queen, O’Reilly Auto Parts, Taco Bell, and more.

The property is centrally located and benefits from a strong customer base. The property is close to a number of schools, including Milwood Elementary School (326 students) and Milwood Middle School (740 students). The property is also a short distance from major employers such as Bronson Methodist Hospital (3,00 employees) and Pfizer (6,100 employees). Furthermore, the property is surrounded by densely populated residential neighborhoods, with 135,751 people living within a five-mile radius.

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