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Marathon 7498 Broadview Rd 3,030 SF Retail Building Parma, OH 44134 $1,988,200 ($656.17/SF) 6.09% Cap Rate
Investment Highlights
- Marathon Gas Station | Corporately Guaranteed by Alimentation Couche-Tard Inc. & Mac’s Convenience Stores LLC
- NNN Lease – No Landlord Responsibilities
- Five, Five-Year Renewal Options and Two, Ten-Year Renewal Options Remaining
- Circle K Subleased to 749 Broadview Rd LLC a Circle K Approved Franchisee | Operates Seven Gas Stations with 20+ Years of Experience
- Lease Offers 1.5% Annual Rent Increases – Providing a Strong Hedge Against Inflation
- Situated On a Hard Corner at Four-Way Signalized Intersection | Aggregate Traffic Counts of 27,729 AADT
Executive Summary
Marathon Gas Station | Corporately Guaranteed by Alimentation Couche-Tard Inc. & Mac’s Convenience Stores LLC
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,030 SF
Building Class
B
Year Built
2002
Price
$1,988,200
Price Per SF
$656.17
Cap Rate
6.09%
NOI
$121,081
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.40 AC
Zoning
C - Service Station
Parking
6 Spaces (1.98 Spaces per 1,000 SF Leased)
Frontage
131’ on Broadview Rd
Amenities
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Marathon
- -
-
99,999 SF
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Marathon | - | 99,999 SF | - | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 452-34-011 | Improvements Assessment | $153,965 |
| Land Assessment | $108,395 | Total Assessment | $262,360 |
Property Taxes
Parcel Number
452-34-011
Land Assessment
$108,395
Improvements Assessment
$153,965
Total Assessment
$262,360
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Marathon | 7498 Broadview Rd
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