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30883997
30883998

3920 Tuscarawas St W, Canton, OH 44708 For Sale

CK
NY 10401306065
SURMOUNT
AM
NY 10401294047
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$3,118,514
130 days on market
Updated 38 days ago

Circle K

Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,500
Cap Rate 7%
NOI $218,296
Occupancy 100%
Tenancy Single
Brand/Tenant Circle K
Lease Type NNN
Lease Term 21
Lease Expiration 12/31/2028
Remaining Term 2.5
Price per SqFt $693
Year Built 2002
Acreage 1.140
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/20/2007
Ownership Fee Simple

Retail | 7.00% CAP | 4,500 SqFt

Marketing description

Surmount is pleased to present the exclusive listing for a Circle K located at 3920 Tuscarawas Street West, Canton, OH 44708. The site consists of roughly 4,500 rentable square feet of building space on an estimated 1.14-acre parcel of land. Circle K is subject to a 21-year Triple Net (NNN) lease, which commenced 12/20/2007. The current annual rent is $218,296 and has scheduled increases of 1.50% Annually.

Investment highlights

  • Prime Retail Corridor Location | Positioned along Tuscarawas St W (±21,000 VPD), a major east-west retail artery serving Canton’s primary commercial district.

  • Dense Infill Trade Area | Over 68,500 residents within 3 miles and nearly 149,600 residents within 5 miles provide consistent consumer demand.

  • Strong Retail Synergy | Surrounded by national tenants including Walmart, Giant Eagle, CVS, AutoZone, UPS, and Family Dollar driving daily traffic.

  • Established Residential | Base Nearly 29,700 households within 3 miles support repeat convenience retail visits and fuel demand.

Listing Contacts

CK
NY 10401306065
SURMOUNT
AM
NY 10401294047
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$218,296.00
$18,191.33/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Brian Brockman
License
BRK.2009000214
Brokerage
Bang Realty, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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