10335 E Drexel Rd - Convenience Store FOR SALE


Tucson, AZ 85747- Civano
$5,565,500 USD
602-687-6766
10335 E Drexel Rd, Tucson, AZ for Sale
$5,565,500 USD
Convenience Store - FOR SALE
1/5
null | 5.25% Cap Rate

10335 E Drexel Rd
Tucson, AZ 85747
Civano


HIGHLIGHTS

  • Absolute Triple-Net (NNN) Ground Lease with Corporate Circle K
  • 15% Rental Increases Every 5 Years
  • Population and Households Expected to Increase Over 10% Within a 1-Mile Radius
  • Average Household Income Exceeds $124,000 Within a 1-Mile Radius
  • Excellent Frontage Along S Houghton Rd (±25,100 CPD), a Significant North- South Road, Providing a Direct Route to I-10 (±50,800 CPD)
  • Surrounded by Single-Family Residences and Apartment Homes

OVERVIEW

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. Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor.

FOR SALE DETAILS

PRICE

$5,565,500 USD

PRICE/SF

$1,240 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Circle K Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

PAD12

APN/PARCEL ID

141-01-917,141-01-9170

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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Mark RubleMarcus & MillichapMore Info
602-687-6766

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.