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Circle K 6210 E Cave Creek Rd 2,446 SF Retail Building Cave Creek, AZ 85331 $2,200,000 ($899.43/SF) 5.68% Cap Rate
INVESTMENT HIGHLIGHTS
- 5 5-Year Lease Options
EXECUTIVE SUMMARY
Located at 6210 E Cave Creek Road in Cave Creek, AZ, this property offers a prime 0.41-acre lot with a total of 17,960 square feet of land. The property is comprised of a gas station / convenience store with 2,425 SF improvements built in 1998. The property is on a corner lot with strong visibility and has eight fueling positions. Positioned in a highly sought after corridor, the property benefits from strong visibility and long term demand for fuel and retail services. Current base rent of $10,416.67 per month delivers an in place NOI of approximately $125,000 annually, which is at the low end of market ranges for similar petroleum operators. Circle K is currently in one of their option periods, expiring May 2030, and Circle K has five additional five year options to renew at 10% annual increases.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Service Station
Building Size
2,446 SF
Building Class
B
Year Built
1998
Price
$2,200,000
Price Per SF
$899.43
Cap Rate
5.68%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.41 AC
Zoning
C-T
Parking
10 Spaces (4.09 Spaces per 1,000 SF Leased)
Frontage
1’ on E Cave Creek Rd
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 an international convenience store chain founded in 1951 in El Paso, Texas by Fred Hervey. The company operates retail outlets offering convenience goods, fuel, and quick-service food across North America, Europe, Asia, and the Middle East.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 211-08-033A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $86,858 |
PROPERTY TAXES
Parcel Number
211-08-033A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$86,858
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Circle K | 6210 E Cave Creek Rd
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