2390 Craycroft Rd - Service Station FOR SALE


Tucson, AZ 85712- Ward 6
$3,700,000 USD
480-221-4221
2390 Craycroft Rd, Tucson, AZ for Sale
$3,700,000 USD
Service Station - FOR SALE
1/7
null | 5% Cap Rate

2390 Craycroft Rd
Tucson, AZ 85712
Ward 6


HIGHLIGHTS

  • Brand New 15-Year Lease | Corporate Signed Ground Lease | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Crossroads Festival (231,000 SF) | El Con Center (894,000 SF) |Circle Plaza (168,000 SF) | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• Recently signed a brand new 15-year lease with 8 (5-year) options to extend • Ground Lease is corporate signed by Circle K Stores Inc. • Features 7.5% rental increases every 5 years through the initial term and at the beginning of each option, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$740 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Circle K | New 15yr Corp Abs NNN GL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

C-1

APN/PARCEL ID

121-05-012E,121-05-012G

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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