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4301 W Thomas Rd 3,558 SF Retail Building Phoenix, AZ 85031 $2,275,000 ($639.40/SF) 4.63% Cap Rate
Investment Highlights
- Hard Corner Location with Excellent visibility Accessibility at the Busy Intersection of 43rd Ave & Thomas Rd.
- Close Proximity to the I-10 Highway
- Strong Corporate Guarantee from Circle K. Circle K is a global chain & is the 2nd largest in the world, with over 14,800 locations across North Americ
- Strong Traffic Counts. East/West Thomas Rd sees over 31K cars/day & North/south Thomas Rd sees over 38K cars/day
- Exceptional Pole/Monument Signage
- Long-Term Operating History. The Tenant has been operating at this location for nearly 40 years, demonstrating their success and commitment to this lo
Executive Summary
4301 W Thomas Rd presents an opportunity to acquire a highly visible convenience retail and fuel property located at the signalized intersection of 43rd Avenue and Thomas Road in West Phoenix. The site benefits from strong frontage along a major arterial corridor, providing excellent exposure to daily commuter and neighborhood traffic.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
3,558 SF
Building Class
B
Year Built
1987
Price
$2,275,000
Price Per SF
$639.40
Cap Rate
4.63%
NOI
$105,276
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.46 AC
Zoning
C-N - C-N
Frontage
100’ on Thomas Rd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
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 End | ||
|
|
Retailer | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 103-22-007T | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $77,952 |
Property Taxes
Parcel Number
103-22-007T
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$77,952
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4301 W Thomas Rd