3155 N Alvernon Way - Convenience Store FOR SALE


Tucson, AZ 85712- North Dodge
$2,061,000 USD
480-252-0226
3155 N Alvernon Way, Tucson, AZ for Sale
$2,061,000 USD
Convenience Store - FOR SALE
1/3
null | 4.75% Cap Rate

3155 N Alvernon Way
Tucson, AZ 85712
North Dodge


HIGHLIGHTS

  • Long-Term Tenancy
  • Investment Grade Credit
  • 2nd Largest Gas Station & C-Store Operator in the World
  • May Qualify For Bonus Depreciation

OVERVIEW

Surmount is pleased to present the exclusive listing for a Circle K located at 3155 North Alvernon Way, Tucson, AZ 85712. The site consists of roughly 2,849 rentable square feet of building space on an estimated .45-acre parcel of land. Circle K is subject to a 60-year Triple Net (NNN) lease, which commenced 2/15/1971. The current annual rent is $97,899 and has scheduled increases of 10.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$2,061,000 USD

PRICE/SF

$836 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Circle K

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

C-1, Tucson

APN/PARCEL ID

111-05-006C

ASK ABOUT THIS PROPERTY

Jonathan EckerdSurmountMore Info
480-252-0226

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Jonathan EckerdSurmountMore Info
480-252-0226

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