550 W Ajo Way
Tucson, AZ 85713
Circle K · Retail Property For Sale

Recent Lease Extension: Circle K recently agreed to a 10-year lease extension, which speaks to the strength of this location. Strong Performing Location: with Circle K reporting sales of $1,686,220 in 2016 (3.5% rent-to-sales ratio) Corporate Guaranteed Lease (Circle K Convenience Stores, Inc.) Investment Grade S&P BBB Credit Rating Absolute NNN Lease: With no Landlord maintenance responsibilities offering an investor passive cash flow. Established Location: Circle K has successfully operated out of this location for over 30 years. Signalized Hard Corner: 57,000 cars per day at the intersection of Ajo Way and 12th Avenue offering, excellent real estate fundamentals. Dense Infill Location: Over 106,000 potential customers residing within 3-miles of the subject property; 3-mile trade area is expected to grow by 4.29% over the next 5 years. Major Improvements Along SR 86 (Ajo Way) Due to Growth Southwest of Tuscon: Two projects aimed at relieving traffic congestion are already underway between Valencia Road (milepost 159) and the Interstate 19/Ajo Way Junction (milepost 172), widening 7 miles of the highway and modernizing the Interstate 19 interchange. The project also includes widening Ajo Way from two to three lanes in each direction between 16th Avenue east of I-19 and the Santa Cruz River bridge west of I-19.