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Circle K | Mesa, AZ 2760 E Baseline Rd 3,513 SF Retail Building Mesa, AZ 85204 $5,273,000 ($1,501.00/SF) 5.25% Cap Rate
Investment Highlights
- Single-Tenant Circle K Convenience Store and Gas Station: Absolute NNN lease with zero landlord responsibilities
- Tenant recently extended their 5-year option, demonstrating their commitment to the location
- Eligible for 100% Bonus Depreciation in 2026 (Consult Your CPA)
- Extremely strong sales and store-level financials (inquire with broker for further details)
- Includes 16 gas pumps maximizing sales at this location
- Top 25% Circle K Nationwide, per Placer.ai
Executive Summary
Absolute NNN Corporately Guaranteed Lease | Excellent Sales and Store-Level Financials | Eligible for Bonus Depreciation | Top 25% Circle K Nationwide (Placer.ai) | 69,000 CPD Intersection
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,513 SF
Building Class
C
Year Built
2001
Price
$5,273,000
Price Per SF
$1,501.00
Cap Rate
5.25%
NOI
$276,844
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.32 AC
Zoning
C-2, Mesa - Commercial
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $5.41
- Triple Net
- Mar 2024
Circle K began in Texas in 1951, when Fred Hervey purchased three Kay's Food Stores and built a convenience retail business that later became Circle K. The company now operates as a convenience brand within Alimentation Couche-Tard, with a franchise program in the United States, Canada, and international markets. The business focuses on convenience stores, fuel, food and beverages, and mobility services for customers on the go. Circle K also supports franchise operators through store conversions and new-store development across its branded network.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $5.41 | Triple Net | Mar 2024 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 140-63-003M | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $246,864 |
Property Taxes
Parcel Number
140-63-003M
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$246,864
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Contact the Sale Advisor
Circle K | Mesa, AZ | 2760 E Baseline Rd