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Circle K 1834 W Grant St 2,988 SF Retail Building Phoenix, AZ 85007 $3,256,681 CAD ($1,089.92 CAD/SF) 6% Cap Rate
EXECUTIVE SUMMARY
SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Circle K investment property located in Phoenix, Arizona. The tenant, Circle K has over 7 years of lease term remaining with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of the first five option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,988 SF
Building Class
C
Year Built
1987
Price
$3,256,681 CAD
Price Per SF
$1,089.92 CAD
Cap Rate
6%
NOI
$195,429 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.61 AC
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $24,074 CAD | Total Assessment | $92,375 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$24,074 CAD
Improvements Assessment
$0 CAD
Total Assessment
$92,375 CAD
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Circle K | 1834 W Grant St
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