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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
PRICING - $1,732,000
CAP RATE - 4.85%
NOI - $84,000
LEASE EXPIRATION - 6/30/2027
GUARANTEE - CORPORATE
CAP RATE - 4.85%
NOI - $84,000
LEASE EXPIRATION - 6/30/2027
GUARANTEE - CORPORATE
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,855 SF
Building Class
C
Year Built
1990
Price
$1,732,000
Price Per SF
$606.65
Cap Rate
4.85%
NOI
$84,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.68 AC
Zoning
PSC, Phoenix
Parking
22 Spaces (7.71 Spaces per 1,000 SF Leased)
Frontage
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 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 | 2,855 SF | - | Triple Net | Jun 2027 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 102-39-003K | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $123,555 |
Property Taxes
Parcel Number
102-39-003K
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$123,555
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