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Circle K 939 W Baseline Rd 2,781 SF Retail Building Tempe, AZ 85283 $2,089,250 CAD ($751.26 CAD/SF) 5.19% Cap Rate
Investment Highlights
- Absolute Triple-Net (NNN) Lease with Corporate Circle K Guaranty
- Densely-Populated Tempe Trade Area - ±622,000 Daytime Population within a 5-Mile Radius
- Immediate Proximity to Arizona Grand Resort & Spa and Arizona Mills, the State's Largest Indoor Outlet Mall and Entertainment Destination
- Multiple Renewal Options Remaining with 5% Rent Increases in Each Option
- Excellent Frontage Along West Baseline Road, a Significant East-West Arterial Road, Visible to ±38,050 Cars per Day
- 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.
Located just 10 minutes east of downtown Phoenix, Tempe exudes its own personality and the youthful spirit of a college town. Home to Arizona State University, the largest public university in the United States, Tempe has a vibrant downtown that’s active day and night.
Located just 10 minutes east of downtown Phoenix, Tempe exudes its own personality and the youthful spirit of a college town. Home to Arizona State University, the largest public university in the United States, Tempe has a vibrant downtown that’s active day and night.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,781 SF
Building Class
C
Year Built
1972
Price
$2,089,250 CAD
Price Per SF
$751.26 CAD
Cap Rate
5.19%
NOI
$108,504 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.40 AC
Zoning
CSS - Commercial Shopping Center
Parking
10 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
100’ on Baseline Rd
Amenities
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 301-07-001B | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $76,743 CAD |
Property Taxes
Parcel Number
301-07-001B
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$76,743 CAD
Contacts
-
Grant Ziegler -
Mark Ruble -
Christopher Lind -
Zack House -
Ryan Sarbinoff -
Marcus & Millichap
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Circle K | 939 W Baseline Rd
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