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6150 E State Route 69 3,015 SF 100% Leased Retail Building Prescott Valley, AZ 86314 $1,671,378 CAD ($554.35 CAD/SF) 5.52% Cap Rate
EXECUTIVE SUMMARY
This opportunity consists of a 3,015 square foot service station / convenience store in Prescott Valley, along State Route 69. The improvements were constructed in 1997, and are situated on a 0.82-acre rectangular parcel. The property has four fueling positions and multiple points of ingress / egress. State Route 69 is a major thoroughfare running through Prescott Valley connecting Prescott Valley and Prescott to the Interstate 17 and 40.
The property is currently leased to Circle K through July 2026, with Circle K having an additional five-year option to extend until July 2031. The current monthly rent is $5,472 per month, with the subsequent option period rent increasing to $5,746 per month. Circle K has a strong historical occupancy at this location of over 39 years dating back to August 1986. Circle K was founded in 1951 (El Paso, Texas), and has approximately 14,468 stores (as of 2023) throughout North America.
The property is currently leased to Circle K through July 2026, with Circle K having an additional five-year option to extend until July 2031. The current monthly rent is $5,472 per month, with the subsequent option period rent increasing to $5,746 per month. Circle K has a strong historical occupancy at this location of over 39 years dating back to August 1986. Circle K was founded in 1951 (El Paso, Texas), and has approximately 14,468 stores (as of 2023) throughout North America.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
3,015 SF
Building Class
C
Year Built
1997
Price
$1,671,378 CAD
Price Per SF
$554.35 CAD
Cap Rate
5.52%
NOI
$92,213 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.08
Lot Size
0.84 AC
Zoning
CN - Prescott Valley
Frontage
1’ on Frontage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Circle K is an international convenience store chain founded in 1951 in El Paso, Texas by Fred Hervey. The company operates retail outlets offering convenience goods, fuel, and quick-service food across North America, Europe, Asia, and the Middle East.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 103-07-203 | Improvements Assessment | $560,136 CAD |
| Land Assessment | $678,269 CAD | Total Assessment | $1,238,405 CAD |
PROPERTY TAXES
Parcel Number
103-07-203
Land Assessment
$678,269 CAD
Improvements Assessment
$560,136 CAD
Total Assessment
$1,238,405 CAD
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6150 E State Route 69
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