23170 163rd Ave ave - Service Station FOR SALE


Surprise, AZ 85387- Lake Pleasant
$3,600,000 USD
480-531-0369
23170 163rd Ave ave, Surprise, AZ for Sale
$3,600,000 USD
Service Station - FOR SALE
1/8
null | 5% Cap Rate

23170 163rd Ave ave
Surprise, AZ 85387
Lake Pleasant


HIGHLIGHTS

  • PRIME INTERSECTION
  • AFFLUENT & GROWING CONSUMER BASE
  • ASANTE MASTER PLANNED COMMUNITY
  • BLUE-CHIP CORPORATE GUARANTEE

OVERVIEW

NNN GROUND LEASE | 15 YEAR BASE TERM A 15-year base term NNN ground lease transfers all operating expenses to the tenant while delivering investors a durable, long-duration income stream with zero landlord management obligations. 10% RENT INCREASES EVERY 5 YEARS Scheduled rent increases of 10% every five years provide investors with meaningful NOI growth at predefined intervals, ensuring purchasing power is preserved and returns compound steadily throughout the lease term. NEW RETAIL INTERSECTION Positioned at a newly developed retail intersection anchored by Fry’s Marketplace, the property benefits from two of the grocery sector’s most traffic intensive operators, creating a high-frequency destination that drives consistent

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$692 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

STATUS

Proposed

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Circle K at Asante Trails

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2027

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alec MillerSimonCREMore Info
480-531-0369

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Alec MillerSimonCREMore Info
480-531-0369

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