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Investment Highlights

  • ±2,480 SF convenience store and gas station situated on ±0.34 acres
  • Strong visibility and access along a high-traffic corridor in the South Tucson trade area
  • Tenant has operated at this location since 1973, demonstrating long-term site commitment
  • Prime location at 5818 S Palo Verde Road in Tucson, just south of Benson Highway
  • Occupied by Circle K, a nationally recognized convenience store operator
  • Built in 1986 with recent renovations enhancing functionality and appeal

Executive Summary

The subject property is a ±2,480 square foot convenience store and gas station located on ±0.34 acres at 5818 S Palo Verde Road in Tucson, Arizona. Positioned just south of the Benson Highway intersection, the site offers strong accessibility along a well traveled corridor in the South Tucson trade area. Constructed in 1986 and zoned for commercial use, the property benefits from a functional layout and recent renovations, reinforcing its long-term viability. The asset is occupied by Circle K, which has operated at this location since 1973, highlighting its established presence and importance within the surrounding community.

Property Facts

Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,182 SF
Building Class
B
Year Built
1970
Price
$1,250,000
Price Per SF
$572.87
Cap Rate
5%
NOI
$62,454
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
MU
Parking
18 Spaces (8.25 Spaces per 1,000 SF Leased)
Frontage
82’ on S Palo Verde Rd

Amenities

  • Bus Line
  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Circle K is a global convenience store brand that originated in 1951 when Fred Hervey purchased three Kay’s Food Stores in El Paso, Texas. Initially focused on the southwestern United States, the company expanded rapidly through acquisitions and franchising, entering international markets by 1979. After filing for bankruptcy in 1990, Circle K underwent ownership changes before being acquired in 2003 by Alimentation Couche-Tard, a Canadian multinational based in Laval, Quebec. Today, Circle K operates thousands of locations worldwide, offering convenience retail and fuel services under various fuel brands. The company introduced a global rebranding initiative in 2015 to unify its identity across markets. Circle K is a subsidiary of Alimentation Couche-Tard, which trades publicly on the Toronto Stock Exchange under the ticker ATD.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

Walmart Neighborhood Market
RDO Equipment Co.
Black Rock Coffee Bar
Waffle House

Property Taxes

Property Taxes

Parcel Number
140-31-2900
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$23,421
  • Listing ID: 40044269

  • Date on Market: 4/6/2026

  • Last Updated:

  • Address: 5818 S Palo Verde Rd, Tucson, AZ 85706

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