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Circle K

Grove City, Ohio

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Marcus & Millichap is pleased to present the exclusive listing for a Circle K located at 3043 London Grove Port Road in Grove city, Ohio. The site constructed in 1997 and consists of roughly 4,523 rentable square feet of building space on estimated 1.63-acre parcel of land.
This Circle K is subject to a triple-net (NNN) lease, which commenced on August 26th, 1998. The annual rent is $114,151. The tenant recently exercised one (1), five (5)-year renewal option, which are set to expire on 2/28/2028. There is One (1), Five (5)-year tenant renewal option remaining.

Investment Highlights:

  • Strong 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
  • Tenant Recently Exercised a Renewal Option | Showing Strong Commitment to this Location

Compelling Location Fundamentals:

  • Strong Real Estate Fundamentals | Immediately Off Interstate Highway 71 |62,800 Vehicles Per Day
  • Strategically Positioned Next to a Massive FedEx Ground Shipping Center
  • Dense Retail Corridor | Meijer, Kroger, Dollar Tree, CVS, AutoZone, Valvoline, Chipotle, Starbucks, McDonald’s, KFC, Taco Bell, Wendy’s, and Many More
  • High Academic Presence | Two Schools Located Within a One-Mile Radius |Combined Enrollment Exceeds 1,400 Students
  • Mount Carmel Grove City Hospital| Located Less Than One Mile From Subject Property | 210-Bed Teaching Hospital

About the Tenant:

  • Couche-Tard Inc. | TDX: ATD.A | Largest Independent Convenience Store Operator In Terms of the Number of Company-Operated Locations
  • Couche-Tard Inc. Operates a Global Network That Encompasses Over 16,000 Locations Worldwide
  • Mac’s Convenience Stores has been a Part of the Couche-Tard Family Since 1999
  • Mac’s and Circle K Convenience Stores | Network of Over 5,900 Stores | More Than 4,100 Have a Road Transportation Fuel Dispensing Component
  • Strategically Located in 11 Large Geographic Markets Across North America
  • Circle K’s Success Spans More Than 60 Years | Founded By Fred Harvey in El Paso Texas
  • Acquired By Alimentation Couche-Tard in 2003 | Brand has Grown to Have Global Representation in More Than 20 Countries

Key Details

Price:
$2,283,029
Cap Rate:
5.00%
Annual Rent:
$114,151
Address:
3043 London Grove Port Road, Grove City, Ohio 43123
Property Type:
Net-Leased Gas/C-Store
Lease Type:
Triple Net (NNN)

Lease Commencement:
8/26/1998
Lease Expiration:
2/28/2028
Lease Term Remaining:
6 Years
Lot Size:
+/-1.63 Acres
Building Size:
4,523 SF
Year Built:
1997
Year Renovated:
2003
Tenant:
Circle K

Broker of record

Michael Glass

License: BRK.2007005898


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