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- LoopNet Team
282 Main St
Richland, NY 13144
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.
- There is no immediate competition, only c-store gas station within a 4.5 mile radius.
- A completely passive NNN lease structure with zero landlord responsibilities or expenses.
- Strategically Located at the corner of Main Street and Richland- Orwell Rd with excellent access and visibility from both roads.
- In town location surrounded by numerous residential homes and local businesses.
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
ABOUT 282 MAIN ST , RICHLAND, NY 13144
CBRE is pleased to present for sale this Circle K gas/convenience property in Richland, 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 3,278 square foot building with 4 gas pumps for cars and sits on a 0.55 acre parcel. The subject property is ideally located on Main Street with excellent access and visibility and traffic counts of 3,790 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 | 355089-061-001-0004-001-001-0000 | Improvements Assessment | $348,257 |
| Land Assessment | $31,850 | Total Assessment | $380,107 |
PROPERTY TAXES
