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Quik Mart 5642 S Alvernon Way 4,100 SF Retail Building Tucson, AZ 85706 $5,608,569 CAD ($1,367.94 CAD/SF) 6.35% Cap Rate
Investment Highlights
- Corporate Guarantee
- Reinvestment into Sites and Reimaged
- Bonus Depreciation Opportunity
- Fee Simple Ownership with Strategic Positioning
Executive Summary
Surmount is pleased to present the exclusive listing for a Quik Mart located at 5642 S Alveron Way, Tucson, AZ 85706. The site consists of roughly 4,100 rentable square feet of building space on an estimated 1.61-acre parcel of land. This Quik Mart is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $261,811 and has scheduled increases of 10.00% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,100 SF
Building Class
C
Year Built
2001
Price
$5,608,569 CAD
Price Per SF
$1,367.94 CAD
Cap Rate
6.35%
NOI
$356,144 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.61 AC
Opportunity Zone
Yes
Zoning
C2
Frontage
236’ on S Alvernon Way
Amenities
- Bus Line
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 140-05-033K | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $168,495 CAD |
Property Taxes
Parcel Number
140-05-033K
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$168,495 CAD
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Quik Mart | 5642 S Alvernon Way
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