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Circle K

Mansfield, Ohio

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Marcus & Millichap is pleased to present the exclusive listing for a Circle K located at 2094 Park Avenue in Mansfield, Ohio. The site constructed in 1997 and consists of roughly 3,288 rentable square feet of building space on estimated 1.58-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 $115,293. 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:

  • 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 | Located On The Signalized Intersection Of Park Avenue West and North Lexington-Springhill Road | 10,500 and 18,200 Vehicles Per Day
  • Dense Retail Corridor Walmart, The Home Depot, Kohls, Ross, Burlington, Old Navy, Dollar Tree, Texas Roadhouse, Bob Evans, McDonald’s and Many More
  • Richland Mall| Located Within One Mile Radius | More than 50 Tenants
  • OhioHealth Mansfield Hospital | 326-Bed State-of-the-Art Facility | Located Just Three-And-A-Half Miles Away

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:
$2,305,860
Cap Rate:
5.00%
Annual Rent:
$115,293
Address:
2094 Park Avenue West, Mansfield, Ohio 44906
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:
+/-1.58 Acres
Building Size:
3,288 SF
Year Built:
1997
Tenant:
Circle K

Broker of record

Michael Glass

License: BRK.2007005898


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