Circle K - Net Lease Property for Sale
Phoenix, AZ
Key Investment Metrics
Price
$2,275,000
Cap Rate
4.6%
Net Operating Income
$105,276
Building Size
3025 SF
Lot Size
3,025 SF
Land Area
0.46 Acres
Remaining Term
3 years
Lease Expiration
07/18/2029
Lease Term
10 years
Lease Commencement
08/01/1988
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1987
Tenancy
Single
Rent Increases
10% at last Five (5) year option. *Rent will increase to $115,800 on 7/19/2029
About This Circle K Net Lease Property
This Circle K NNN (triple net lease) property is located in Phoenix, AZ and represents an excellent investment opportunity for commercial real estate investors. The property features 3025 square feet of building space and was built in 1987.
With a cap rate of 4.6%, this Circle K net lease property offers stable income potential. The asking price is $2,275,000, making it an attractive option for 1031 exchange investors seeking quality Circle K commercial properties.
Why Invest in Circle K NNN Properties?
- Stable Income: Circle K net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Circle K is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Phoenix, AZ Market Overview
Located in Phoenix, AZ, this Circle K property benefits from strong local demographics and market fundamentals. The Phoenix area offers excellent visibility and accessibility, making it an ideal location for Circle K operations and a solid investment for net lease property buyers.