5642 S Alvernon Way - Convenience Store FOR SALE


Tucson, AZ 85706- Mortimore
$4,123,008 USD
310-966-0122
5642 S Alvernon Way, Tucson, AZ for Sale
$4,123,008 USD
Convenience Store - FOR SALE
1/2
null | 6.35% Cap Rate

5642 S Alvernon Way
Tucson, AZ 85706
Mortimore


HIGHLIGHTS

  • Corporate Guarantee
  • Bonus Depreciation Opportunity
  • Reinvestment into Sites and Reimaged
  • Fee Simple Ownership with Strategic Positioning

OVERVIEW

Surmount is pleased to present the exclusive listing for a Quik Mart located at 5642 S Alveron Way, Tucson, AZ 85706. The site consists of roughly 4,100 rentable square feet of building space on an estimated 1.61-acre parcel of land. This Quik Mart is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $261,811 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$4,123,008 USD

PRICE/SF

$1,006 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quik Mart

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

C-2

APN/PARCEL ID

140-05-033K

ASK ABOUT THIS PROPERTY

Thomas JonssonCBC AdvisorsMore Info
310-966-0122

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Thomas JonssonCBC AdvisorsMore Info
310-966-0122

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