Cap Rate: 6.75%
Net Operating Income: $60,000
Square Footage: 4,894
Lot Size: 0.75 AC
This is an absolute net leased C-Store offering in Massillon, OH. This Marathon Petroleum branded station has a new 20 year absolute NNN lease and calls for 1.75% annual increases in rent. The lease is corporately guaranteed by a leading 462-unit operator.
Massillon is a city in Stark County in the U.S. state of Ohio, approximately 8 miles (13 km) west of Canton, 20 miles (32 km) south of Akron, and 50 miles (80 km) south of Cleveland. The population was 32,149 at the 2010 census, which makes it the 44th largest city in Ohio. Massillon is the second largest incorporated area within the Canton-Massillon, OH Metropolitan Statistical Area. As of the 2010 census, the metropolitan area had a population of 404,422 and includes all of Stark and Carroll counties.