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Circle K at Asante Trails 23170 163rd Ave ave 5,200 SF 100% Leased Retail Building Surprise, AZ 85387 $3,600,000 ($692.31/SF) 5% Cap Rate
Investment Highlights
- PRIME INTERSECTION
- ASANTE MASTER PLANNED COMMUNITY
- AFFLUENT & GROWING CONSUMER BASE
- BLUE-CHIP CORPORATE GUARANTEE
Executive Summary
NNN GROUND LEASE | 15 YEAR BASE TERM
A 15-year base term NNN ground lease transfers all operating expenses to the
tenant while delivering investors a durable, long-duration income stream with
zero landlord management obligations.
10% RENT INCREASES EVERY 5 YEARS
Scheduled rent increases of 10% every five years provide investors with
meaningful NOI growth at predefined intervals, ensuring purchasing power is
preserved and returns compound steadily throughout the lease term.
NEW RETAIL INTERSECTION
Positioned at a newly developed retail intersection anchored by Fry’s Marketplace,
the property benefits from two of the grocery sector’s most traffic intensive
operators, creating a high-frequency destination that drives consistent
A 15-year base term NNN ground lease transfers all operating expenses to the
tenant while delivering investors a durable, long-duration income stream with
zero landlord management obligations.
10% RENT INCREASES EVERY 5 YEARS
Scheduled rent increases of 10% every five years provide investors with
meaningful NOI growth at predefined intervals, ensuring purchasing power is
preserved and returns compound steadily throughout the lease term.
NEW RETAIL INTERSECTION
Positioned at a newly developed retail intersection anchored by Fry’s Marketplace,
the property benefits from two of the grocery sector’s most traffic intensive
operators, creating a high-frequency destination that drives consistent
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Building Size
5,200 SF
Year Built
2026
Construction Status
Proposed
Price
$3,600,000
Price Per SF
$692.31
Cap Rate
5%
NOI
$180,000
Percent Leased
100%
Building Height
1 Story
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 9
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Circle K at Asante Trails | 23170 163rd Ave ave
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