Circle K for Sale in Phoenix, AZ
Phoenix, AZ
Key Investment Metrics
Price
$2,275,000
Cap Rate
4.6%
Net Operating Income
$105,276
Building Size
3025 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
Property overview
Circle K in Phoenix
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,025 SF
- Land area
- 0.46 acres
- Year built
- 1987
- Lease type
- Absolute NNN
- Lease expiration
- 07/18/2029
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.