$1,327,617 USD
747-307-3673
HIGHLIGHTS
- Value-Add Opportunity – Circle K has approximately 10 months remaining on its current lease term, with one five-year renewal option
- World Class Tenant – Circle K, the second-largest convenience store chain in the U.S. with approximately 6,800 locations
- Prime Retail Corridor – The property is located in a prime, high-traffic retail corridor near NAPA Auto Parts and Restaurant Depot
- Attractive Rental Increases – Circle K leases typically include 10% rent escalations every five years.
- Freeway Adjacent Location – The property not only benefits from seeing 38,500 VPD directly on Summer Avenue (Highway 64)
- Long Term Operating History – Circle K (formerly MAPCO) will have operated at this location for nearly 40 years as of next year
FOR SALE DETAILS
PRICE
$1,327,617 USD
PRICE/SF
$604 USD /SF
CAP RATE
5.12%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Circle K
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Fast Food, Service Station, Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1987
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.83 AC
LAND SF
36,155 SF
ZONING
C-H
APN/PARCEL ID
06-8001-0-0031
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
747-307-3673
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
747-307-3673
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
