Circle K | 1834 W Grant St
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Circle K 1834 W Grant St
2,988 SF Retail Building Phoenix, AZ 85007 $3,674,802 CAD ($1,230 CAD/SF) 5.50% Cap Rate
Executive Summary
SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Circle K investment property located in Phoenix, Arizona. The tenant, Circle K has over 7 years of lease term remaining with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of the first five option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,988 SF
Building Class
C
Year Built
1987
Price
$3,674,802 CAD
Price Per SF
$1,230 CAD
Cap Rate
5.50%
NOI
$202,150 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.61 AC
Frontage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $24,850 CAD | Total Assessment | $95,352 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$24,850 CAD
Improvements Assessment
$0 CAD
Total Assessment
$95,352 CAD
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Circle K | 1834 W Grant St
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