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Circle K | Phoenix, AZ 7424 W McDowell Rd 2,855 SF Retail Building Phoenix, AZ 85035 $1,732,000 ($606.65/SF) 4.85% Cap Rate
INVESTMENT HIGHLIGHTS
- LONG-TERM OPERATING HISTORY
- EXCELLENT SITE-LEVEL VISIBILITY
- STRATEGIC LOCATION
- ABSOLUTE TRIPLE NET (NNN) GROUND LEASE
- STRONG CORPORATE GUARANTEE FROM CIRCLE K
- COURT-ORDERED SALE This is a court-ordered sale, which may affect the timing of the transaction. Please contact agent for details.
EXECUTIVE SUMMARY
CAP RATE - 4.85%
NOI - $84,000
LEASE EXPIRATION - 6/30/2027
GUARANTEE - CORPORATE
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 2,855 SF
- -
- Triple Net
- Jun 2027
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 | 2,855 SF | - | Triple Net | Jun 2027 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 102-39-003K | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $123,555 |
PROPERTY TAXES
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Circle K | Phoenix, AZ | 7424 W McDowell Rd
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