CIRCLE K, AKRON, OHNNN | Single Tenant | 8.3 Years Remaining

1842 Newton StreetAkron, OH 44305

Open 24 hrs - Convenience Only

New Listings Posted Daily at FranklinSt.com

Strong Corporate Guarantee

CIRCLE K, AKRON, OH | AKRON, OH 44305 | OFFERING MEMORANDUM 2

INVESTMENT HIGHLIGHTS

• Corporate Credit Rated Tenant priced under a Million

• Largest Company-Owned Convenience Store Operator in the US

• Established Hard Corner in metro Akron suburb

• 24 hrs Convenience Store Only between Two Local Bars

• 1 more 5 year renewal remaining with 10% Increase

• Location operating for 39 years since 1980

Franklin Street is pleased to present this Corporate Circle K investment property locatedon a hard corner in Akron, OH. This Convenience Store Only & 24hr Operation Store iswell located on a hard corner in the dense residential neighborhood of Goodyear Heightswhich is in the north east quadrant of town and conveniently positioned immediatelybetween two local bars on the left and the right of the property. It has been an establishedfixture in the community operating for over 39 years since opening in 1980.

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 largestindependent convenience store operator in terms of number of company-operated stores inthe United States. It is also one of the largest company-owned convenience store operatorsin 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 $42.2billion, revenue of $58.9 billion, gross profit of $8.1 billion and is Standard & Poor’s ratedBBB & Moody’s rated Baa2, (Investment Grade) and is Traded on the Toronto StockExchange under (TSX:ATD.A) & (TSX:ATD.B)

The lease remaining is a 8.3 year NNN lease with at 10% rent increase upon the 7th andlast 5 year renewal option that begins July 1st, 2027through June 30th, 2032. Priced atonly $650,000, this could be a great below million-dollar corporate asset with a higherreturn and potential for future upside!

INVESTMENT SUMMARY

CIRCLE K, AKRON, OH | AKRON, OH 44305 | OFFERING MEMORANDUM 3

6,527 AADTTravel daily along Newton St.

210,332+The area has 210,332+ residents within 5 miles

of the property

1842 Newton Street, Akron, OH 44305

PRICE: $650,000

CAP RATE: 6.15%

NET OPERATING INCOME: $39,999.96

LAND AREA: 0.25 ACRES / 10,993 SF

BUILDING SIZE: 2,540 SF

YEAR BUILT: 1980

PARCEL NUMBERS: 6821616 &

6821617

GUARANTOR: CIRCLE K / COUCHE-TARD

LEASE TYPE: NNN

LANDLORD RESPONSIBILITIES: NONE

OWNERSHIP: FEE SIMPLE

OCCUPANCY: 100.0%

TENANCY: SINGLE

TERM REMAINING: 8.3 YEARS

RENT INCREASES: IN OPTIONS

RENT COMMENCEMENT: 6/26/1981

RENT EXPIRATION: 6/30/2027

OFFERING HIGHLIGHTS

Lease TypeNNN

Demised Premises2,540 SF

Lease Commencement6/26/1981

Term Remaining8.3 YearsOptionsOne renewal remaining, 5-Year OptionRent Increases10% on 7/1/2027

LEASE TERM LEASE YEARS LEASE DATES RENT SQFT MONTHLY RENT ANNUAL RENT RENT INCREASE

Original Lease Term 1 - 15 6/26/81-6/30/96 $7.07 $1,484.00 $17,808.00

First Renewal Term 16 - 20 7/1/96-6/30/01 $7.77 $1,632.00 $19,584.00 10.0%

Second Renewal Term 21 - 23 7/1/01-6/30/04 $8.12 $1,706.00 $20,472.00 4.5%

Third Renewal Term 24 - 28 7/1/04-6/30/09 $8.48 $1,780.00 $21,360.00 4.3%

Fourth Renewal Term 29 - 33 7/1/09-6/30/19 $9.19 $1,929.00 $23,148.00 8.4%

Fifth Renewal Term 34 - 38 7/1/19-6/30/23 $15.87 $3,333.33 $39,999.96 72.8%

Sixth Renewal Term 39 - 43 7/1/23-6/30/27 $17.06 $3,583.33 $42,999.96 7.5%

Seventh Renewal Term 44 - 48 7/1/27-6/30/32 $18.77 $3,941.66 $47,299.92 10.0%

TENANT: CIRCLE K / COUCHE-TARD

STORE NUMBER: 5418

GUARANTEE: CIRCLE K / COURCHE-TARD

# OF LOCATIONS: 16,000+ STORES

REVENUE: $58.9B + IN REVENUE

WEBSITE: WWW.CIRCLEK.COMDISCLAIMERThe statements and figures herein are secured from sources we believe authoritative. References to square footage or age are approximate. This summary is for information only and does not constitute all or any part of an offer or contract. Buyer must verify all information and bears all risk for any inaccuracies. Seller does not warrant any inaccuracies and pricing is subject to change.

Circle K Stores, Inc. and Couche-Tard acquired Mac’s Convenience Stores, LLC a Delaware LLC Mac’s Convenience Stores, LLC, a Delaware LLC successor in interest to Consolidated Foods Corporation “The Lawson Milk Company Division”, the signatory on the lease was acquired by Sara Lee Corp, sold to Dairy Mart in 1985 and then acquired by Couche-Tard in 1999 who rebranded all their locations to Circle K in 1995.

Circle K Stores, Inc (“Circle K”), is a convenience store and gasoline service station operator based in Tempe, Arizona. For 63 years, customers have come to recognize the convenience and quality associated with the Circle K brand. What began in 1951 with the purchase of three Kay’s Food Stores in El Paso, Texas, has become one of the nation’s largest chains of company-operated convenience stores. Circle K is known for fast and friendly service all over the world. Circle K is owned and operated by Alimentation Couche-Tard Inc. (Couche-Tard). Couche-Tard is 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.

Circle K is brand 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)

Kenneth (Ken) and Carl McGowen incorporated Mac’s Milk Limited in Ontario on April 4, 1962. On July 5, 1963, Silverwood Dairies Limited acquired 40% of the shares of Mac’s Milk Limited, and increased its holding to 80% on March 29, 1968, and 100% on January 12, 1972. In 1971, the company purchased 18 convenience stores operating under the “Little Z Convenience Stores” banner from Zehrs Markets. In 1974, it bought thirteen Mini-Mart convenience stores in Vancouver from a subsidiary of George Weston Limited and seven Starlite Variety Stores operating in Windsor, Ontario. The company was renamed “Mac’s Convenience Stores Limited” on May 7, 1975. In 1976, Silverwood Dairies Limited purchased shares of Royal Oak Dairy, including operations of convenience stores under the Bantam and Astro names. In 1994, the company sold most of the Mac’s stores in Quebec to Alimentation Couche-Tard Ltd. Mac’s stores in Quebec were renamed “Dépan-Escompte Couche-Tard”. Silcorp, the parent company of Mac’s, acquired 163 Southern Ontario stores, and assets of rival Becker’s in November 1996. On April 14th, 1999, Alimentation Couche-Tard acquired Silcorp including their Mac’s and Becker’s chains and Mac’s dropped its longtime cat logo “MacTavish” and replaced it with Couche-Tard’s owl logo. On September 23rd, 2015, Alimentation Couche-Tard announced that as a part of a global re-branding, all Mac’s stores would be converted to Couche-Tard’s Circle K banner.

CIRCLE K, AKRON, OH | AKRON, OH 44305 | OFFERING MEMORANDUM 4

LEASE ABSTRACT

CIRCLE K, AKRON, OH | AKRON, OH 44305 | OFFERING MEMORANDUM 5

ADDITIONAL PHOTOS

CIRCLE K, AKRON, OH | AKRON, OH 44305 | OFFERING MEMORANDUM 6

REGIONAL & LOCAL MAP

CIRCLE K, AKRON, OH | AKRON, OH 44305 | OFFERING MEMORANDUM 7

AERIAL VIEW - SURROUNDED BY DENSE NEIGHBORHOOD

CIRCLE K, AKRON, OH | AKRON, OH 44305 | OFFERING MEMORANDUM 8

AERIAL VIEW

CIRCLE K, AKRON, OH | AKRON, OH 44305 | OFFERING MEMORANDUM 9

LOCATION OVERVIEW

AKRON, OH

Akron, founded in 1825 is the county seat of Summit County, Ohio. Once known as theRubber Capital of the World because of its tire production and headquarters of Goodyear,Akron is now known as a world-renowned center of polymer development and research.

As of 2018, Akron had a population of 198,750 with an average household income of$51,799. The demographic ethnic composition of Akron is 2.7% Hispanic, 59.1% White,32.4% African American, 0.3% American Indian and Alaska Native.

Located just less than 40 miles south of Cleveland, Akron is home to the Summa HealthSystem which employs nearly 6,000 employees and Goodyear which employs around 3,000employees. Akron features serval sports teams including the Akron Rubber Ducks andmany other attractions for its residents including the Akron Museum of Art and Akron Zoo.Akron is home of the National Inventor's Hall of Fame and Inventure Place and continues todevelop its diverse set of businesses.

# Major Employers Employees

1 Summa Health System 5,956

2 Cleveland Clinic-Akron General 3,840

3 Akron Children’s 3,719

4 Goodyear 3,000

5 Summit County 2,874

# Traffic Generators

1 Dense Residential

2 Goodyear Heights Metro Park

3 Akron Fulton International Airport

4 I-76

5 Reservoir Park

Demographics 1 mile 3 mile 5 mile

2018 Population 12,693 81,575 193,952

2018-2023 Annual Growth Rate -0.05% 0.08% 0.06%

2018 Average Household Income

$51,552 $50,101 $52,307

Highest % Ethnic Groups 1 mile 3 mile 5 mile

2018 White Alone 79.20% 72.20% 70.30%

2018 Black Alone 1.2% 19.9% 21.7%

2018 Asian Alone 3.1% 3.3%

2018 Hispanic Origin 1.9% 2.2% 2.6%

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EXCLUSIVELY LISTED BY:Visit us as FranklinSt.com

GREG MATUSSENIOR VICE PRESIDENT954.671.1821Greg.Matus@FranklinSt.com

JOSEPH M. MUSCAMUSCA PROPERTIES, LLC216.642.9500 x100Joe@MuscaProperties.com(Broker of Record)

JAMES REASENIOR DIRECTOR407.288.7222James.Rea@FranklinSt.com

STEPHEN TIMMESSENIOR ASSOCIATE407.718.2606Stephen.Timmes@FranklinSt.com

CIRCLE K, AKRON, OH | AKRON, OH 44305 | OFFERING MEMORANDUM 10

DEMOGRAPHICS & SURROUNDING LANDMARKS

BUYER & SELLER REPRESENTATIONSALE LEASEBACK ANALYSISLEASE NEGOTIATIONSECOND OPINION SERVICE1031 EXCHANGESSITE INSPECTIONSVALUE OPTIONS

A

E

COMBINED TEAM EXPERIENCE OF

20+ YEARS IN NET-LEASETYPE PROPERTIES

CAPABILITIES FLYERNet Lease Services - Franklin Street

OVER A BILLIONDOLLARS OF NET

LEASE DEALS DONECOAST TO COAST

FranklinSt.com

JAMES BRONSON REASenior Director

Retail Investment Sales

Cell: 407.288.7222Office: 407.458.5424

James.Rea@FranklinSt.com

STEPHEN MICHAEL TIMMES

Senior AssociateRetail Investment Sales

Cell: 407.718.2606Office: 407.458.5423

Stephen.Timmes@FranklinSt.com

MEET THE TEAMTwo Decades of Real Estate and Capital Markets Experience. We firmly believe both are equally important to your wealth creation and preservation! With real estate strength and capital weakness you can find the best investments but never successfully assemble the equity and or debt capital to invest. With capital strength and real estate weakness you can have what is needed to invest but make bad decisions that diminish your capital or even worse make it disappear. It is critical that you partner with those who have a handle on both key components that build and keep sound investments. Showing value for our clients is what we do best.

On the real estate side, we focus on single and multi-tenant net lease investment properties to include retail, industrial and medical office totaling over half a billion in sales in 39 of the 50 states nation-wide. We have had the pleasure of representing numerous private retail, family office, REITs and institutional investors aiding them in a full spectrum of income, growth, and or value oriented strategies.

On the capital market side of real estate, our team is experienced in raising capital for REITs and private placements for one of the largest privately held real estate funds in the nation in lodging, leisure, multi-family, senior housing & healthcare, and other non-core investment asset classes. This understanding of the REIT industry makes us uniquely qualified to skillfully assist clients in understanding and negotiating through the impact broader markets have on the properties they plan to buy, sell, or re-lease.

We have a concentration in restaurant investment sales spanning nationwide franchisor and or franchisee sites with the following concepts: McDonald’s, Chick-fil-A, Panera Bread, Burger King, Taco Bell, Wendy’s, Chipotle, Starbucks, Jack in the Box, Whataburger, KFC, Pizza Hut, Hardee’s, Sonic, Arby’s, Bojangles’, MOD Pizza, Jersey Mike’s, Jimmy John’s, Marco’s Pizza, Domino’s, Hooters, Church’s, Krystal, Zaxby’s, Checkers, Rally’s, Backyard Burgers, Captain D’s, Ruth’s Chris, Chili’s, Applebee’s, TGI Fridays, Perkins, Cracker Barrel, Golden Corral, IHOP, Denny’s, Village Inn, Cici’s Pizza, Roadhouse Grill, Home-town Buffet, Old Country Buffet, Jack’s Hamburgers, Tumbleweeds, and the former the Steak & Ale, & Bennigans.

Additionally, our net lease advisory services to our valued clients include successful purchase and sales with branded tenants like: Dollar General, Dollar Tree, RaceTrac, WaWa, 7-Eleven, Tractor Supply, KinderCare, K-Mart, AT&T, T-Mobile, U.S Bank, Aspen Dental, DaVita Dialysis, PetsMart, Mattress Firm and FedEx. We have also represented non-branded healthcare net lease for radiology, chiropractic, orthopedic, oncology, and dental care practices. Some of the real estate professional services we are honored to provide our clients with are market pricing analysis, sale lease-back analysis, site inspection, lease negotiation, and second opinion services.

Know that we take your trust and the honor to serve your individual investment needs very seriously; and our fiduciary responsibility to put your best interest first and foremost is our sole focus. That also means we conduct business with the strictest of confidentiality and without self-promotion that may cause attention from others that is not welcomed. Speaking of confidentiality, referrals are welcomed and treated with the utmost of care. We will never forget to honor the client who referred us new business by continuing to always put them first. Thank you in advance for allowing us the opportunity to be a part of your wealth creation and preservation!