Circle K - Dresden OH
Closed901 Main Street, Dresden, OH 43821
Property type
Retail
Price
$414,000
Building size
2,538 sf
Rentable area
2,538 SF
Year built
1981
Year renovated
Occupancy
Zoning code
Lot size
0.76 Acres
Sold/status
Sold · Date unknown
Sale price
$414000
CAP
7.00%
Property description
Franklin Street is pleased to present this Corporate Circle K investment property located in a Dresden, OH 60 miles (1 hour) due east of a non-stop flight to John Glenn Columbus International Airport in Columbus, OH. This Convenience & Gas Store & 24hr Operation Store is well located on a main street hard corner that is strategically located in the rural downtown market and residential next to the rural traffic generators of the Mayor’s Office next door, Lawler’s Pharmacy a half a block north, the entrance and exit of Tri-Valley High School only two blocks west, and most importantly tightly within the triangle of the 3 largest community churches: 1) First Baptist Church of Dresden 2) First Presbyterian Church of Dresden, and 3) Dresden United Methodist. This location has been an established fixture in the community operating for over 38 years since opening in 1981. Circle K based in Tempe, AZ is owned and operated by Alimentation Couche-Tard Inc. (Couche-Tard). Couche-Tard based in Laval, Canada outside of Montreal is the largest independent convenience store operator in terms of number of company-operated stores in the United States. It is also one of the largest company-owned convenience store operators in the world with more than 16,000 stores across Canada, the United States, Europe, Mexico, Japan, China, and Indonesia. Couche-Tard has a current market cap of over $42.2 billion, revenue of $58.9 billion, gross profit of $8.1 billion and is Standard & Poor’s rated BBB & Moody’s rated Baa2, (Investment Grade) and is Traded on the Toronto Stock Exchange under (TSX:ATD.A) & (TSX:ATD.B) The lease remaining is a 2.9 year NNN lease and is in the final renewal option. Priced at only $440,000, this could be a great half a million-dollar corporate asset with a higher return and potential for future upside!