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Circle K 3155 N Alvernon Way 2,849 SF Retail Building Tucson, AZ 85712 $2,061,000 ($723.41/SF) 4.75% Cap Rate
Investment Highlights
- Long-Term Tenancy
- 2nd Largest Gas Station & C-Store Operator in the World
- Investment Grade Credit
- May Qualify For Bonus Depreciation
Executive Summary
Surmount is pleased to present the exclusive listing for a Circle K located at 3155 North Alvernon Way, Tucson, AZ 85712. The site consists of roughly 2,849 rentable square feet of building space on an estimated .45-acre parcel of land. Circle K is subject to a 60-year Triple Net (NNN) lease, which commenced 2/15/1971. The current annual rent is $97,899 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,849 SF
Building Class
C
Year Built
1971
Price
$2,061,000
Price Per SF
$723.41
Cap Rate
4.75%
NOI
$97,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.45 AC
Zoning
C-1, Tucson
Amenities
- Bus Line
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 111-05-006C | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $48,428 |
Property Taxes
Parcel Number
111-05-006C
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$48,428
Contacts
-
Jonathan Eckerd -
Cassandra Mosser -
Glen Kunofsky -
Christopher Marks -
Thomas Jonsson -
Surmount
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Circle K | 3155 N Alvernon Way
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