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Circle K Ground Lease 10335 Drexel Rd E 4,487 SF Retail Building Tucson, AZ 85706 $7,627,017 CAD ($1,699.80 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Absolute Triple-Net (NNN) Ground Lease with Corporate Circle K
- Population and Households Expected to Increase Over 10% Within a 1-Mile Radius
- Excellent Frontage Along S Houghton Rd (±25,100 CPD), a Significant North- South Road, Providing a Direct Route to I-10 (±50,800 CPD)
- 15% Rental Increases Every 5 Years
- Average Household Income Exceeds $124,000 Within a 1-Mile Radius
- Surrounded by Single-Family Residences and Apartment Homes
Executive Summary
Circle K has become one of the most widely recognized convenience store brands, known worldwide for quality products and great customer service. Founded in 1951 in El Paso, Texas, the company is owned and operated by the Canada-based Alimentation Couche-Tard, the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of number of company-operated stores.
Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor.
Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,487 SF
Building Class
C
Year Built
2010
Price
$7,627,017 CAD
Price Per SF
$1,699.80 CAD
Cap Rate
5.25%
NOI
$400,423 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.58 AC
Zoning
PAD12
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Somewhat walkable
20/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 141-01-9170 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $221,715 CAD |
Property Taxes
Parcel Number
141-01-9170
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$221,715 CAD
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Circle K Ground Lease | 10335 Drexel Rd E
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