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6150 E State Route 69 3,015 SF 100% Leased Retail Building Prescott Valley, AZ 86314 $1,215,000 ($402.99/SF) 5.52% Cap Rate

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EXECUTIVE SUMMARY

This opportunity consists of a 3,015 square foot service station / convenience store in Prescott Valley, along State Route 69. The improvements were constructed in 1997, and are situated on a 0.82-acre rectangular parcel. The property has four fueling positions and multiple points of ingress / egress. State Route 69 is a major thoroughfare running through Prescott Valley connecting Prescott Valley and Prescott to the Interstate 17 and 40.
The property is currently leased to Circle K through July 2026, with Circle K having an additional five-year option to extend until July 2031. The current monthly rent is $5,472 per month, with the subsequent option period rent increasing to $5,746 per month. Circle K has a strong historical occupancy at this location of over 39 years dating back to August 1986. Circle K was founded in 1951 (El Paso, Texas), and has approximately 14,468 stores (as of 2023) throughout North America.

SR 69 CIRCLE K- OM (9)-compressed

PROPERTY FACTS

Sale Type

Investment NNN

Sale Condition

Lease Option

Property Type

Retail

Property Subtype

Convenience Store

Building Size

3,015 SF

Building Class

Year Built

1997

Price

$1,215,000

Price Per SF

$402.99

Cap Rate

5.52%

NOI

$67,034

Percent Leased

100%

Building Height

1 Story

Building FAR

0.08

Lot Size

0.84 AC

Zoning

CN - Prescott Valley

Frontage

1’ on Frontage

Retailer
99,999 SF
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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.