6210 E Cave Creek Rd - Service Station FOR SALE


Cave Creek, AZ 85331
$2,200,000 USD
480-273-0212
6210 E Cave Creek Rd, Cave Creek, AZ for Sale
$2,200,000 USD
Service Station - FOR SALE
1/5
null | 5.68% Cap Rate

6210 E Cave Creek Rd
Cave Creek, AZ 85331


HIGHLIGHTS

  • 5 5-Year Lease Options

OVERVIEW

Located at 6210 E Cave Creek Road in Cave Creek, AZ, this property offers a prime 0.41-acre lot with a total of 17,960 square feet of land. The property is comprised of a gas station / convenience store with 2,425 SF improvements built in 1998. The property is on a corner lot with strong visibility and has eight fueling positions. Positioned in a highly sought after corridor, the property benefits from strong visibility and long term demand for fuel and retail services. Current base rent of $10,416.67 per month delivers an in place NOI of approximately $125,000 annually, which is at the low end of market ranges for similar petroleum operators. Circle K is currently in one of their option periods, expiring May 2030, and Circle K has five additional five year options to renew at 10% annual increases.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$899 USD /SF

CAP RATE

5.68%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Circle K

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,960 SF

ZONING

C-T

APN/PARCEL ID

211-08-033A

ASK ABOUT THIS PROPERTY

Jake ViceROI Properties, LLCMore Info
480-273-0212

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Jake ViceROI Properties, LLCMore Info
480-273-0212

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