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5818 S Palo Verde Rd 2,182 SF 100% Leased Retail Building Tucson, AZ 85706 $1,250,000 ($572.87/SF) 5% Cap Rate
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 began in 1951 when Fred Hervey acquired three Kay's Food Stores in El Paso, Texas, and the brand has grown into a convenience retail chain with a broad North American and international presence. The company operates convenience stores and fuel sites, and the franchising program supports both new construction and conversions of existing locations. Circle K is part of Alimentation Couche-Tard, which uses the Circle K brand as a major convenience banner across multiple markets. The business serves everyday shopping needs through fuel, food and beverage, and other convenience offerings while maintaining a wide franchise-oriented retail model.
| 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
Property Taxes
| Parcel Number | 140-31-2900 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $23,421 |
Property Taxes
Parcel Number
140-31-2900
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$23,421
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