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- LoopNet Team
279 W Main St
Little Falls, NY 13365
Circle K Gas/Convenience · Retail Property For Sale
Investment Highlights
- The lease is corporately guaranteed by CAPL Operations, which is owned and controlled by Circle K/Couche Tard.
- Fee simple build-to-suit structure gas distribution property qualifies for 15-yr accelerated depreciation creating superior after tax returns.
- Surrounding tenants include McDonald’s, H&R Block, CVS, Price Chopper, Redco Foods Inc, Dollar Genera and U-Haul to name a few.
- A completely passive NNN lease structure with zero landlord responsibilities or expenses.
- Strategically Located on W Main Street (Hwy. 5) with excellent access and visibility for over 8,900 vehicles per day.
- There is no immediate competition, only c-store gas station on Hwy. 5 for over 6 miles in either direction.
Property Facts
About 279 W MAIN ST , LITTLE FALLS, NY 13365
CBRE is pleased to present for sale this Circle K gas/convenience property in Little Falls, New York. The site is currently branded Nice n Easy, which joined the Circle K/Couche Tard family in 2017. The lease is corporately guaranteed by CAPL Operations, which is owned and controlled by Circle K/ Couche Tard. This is a NNN lease with 5 years remaining in the initial 10 year lease term. There are also 10% rental increases in each of the two, five year options to renew. This is a 1,440 square foot building with 8 gas pumps for cars and sits on a 0.07 acre parcel. The subject property is ideally located on Main Street with excellent access and visibility and traffic counts of 8,930 vehicles passing by daily. This is an in-town location with minimal surrounding competition, making it a go- to store for residents and commuters passing by.
Property Taxes
| Parcel Number | 210900-114-076-0001-004-000-0000 | Improvements Assessment | $41,700 |
| Land Assessment | $5,500 | Total Assessment | $47,200 |
Property Taxes
