Marathon | Corporate Guaranteed by Alimentation Couche-Tard
Marathon Gas Station | Alimentation Couche-Tard Inc. Guaranty | NNN Lease | 1.5% Annual Increases
Marketing description
Marathon Gas Station at 7498 Broadview Road, Parma, OH 44134 presents a lucrative investment opportunity. The property features a NNN lease with Alimentation Couche-Tard Inc. & Mac’s Convenience Stores LLC as corporately guaranteed tenants. The site is subleased to a Circle K approved franchisee with a proven track record of operating gas stations for over 20 years, offering stability and reliability. Sitting prominently on a hard corner at a signalized intersection, the property boasts high traffic counts and serves a densely populated area with over 170,000 residents within a five-mile radius. With 100% occupancy and multiple renewal options, this investment provides a secure income stream with a strong hedge against inflation through annual rent increases. Priced attractively at $1,988,200 with a 6.00% CAP rate, this property offers a competitive advantage in the market. Don't miss this opportunity to add a well-positioned asset to your investment portfolio in the thriving city of Parma, Ohio.
Investment highlights
•Marathon Gas Station | Corporately Guaranteed by Alimentation Couche-Tard Inc. & Mac’s Convenience Stores LLC
•Circle K Subleased to 749 Broadview Rd LLC a Circle K Approved Franchisee | Operates Seven Gas Stations with 20+ Years of Experience
•NNN Lease – No Landlord Responsibilities
•Lease Offers 1.5% Annual Rent Increases – Providing a Strong Hedge Against Inflation
•Five, Five-Year Renewal Options and Two, Ten-Year Renewal Options Remaining
•Situated On a Hard Corner at Four-Way Signalized Intersection | Aggregate Traffic Counts of 27,729 AADT
•Population Over 170,000 Within a Five-Mile Radius
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