Published on: Monday, December 30, 2024
Updated on: Wednesday, March 12, 2025
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About the Lister
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Name: Jack Cornell
Company: SRS Real State Partners
Office Phone: (801) 410-1621
Cell Phone: (801) 410-1621
Provide Your Service
Financing  Business  Material
  Phoenix, AZ - Circle K
1834 W. Grant Street Phoenix Arizona , 85007
1834 W. Grant Street Phoenix Arizona                                                                                             , 85007  SRS Real State Partners
Listing ID: CL-Arizona-13402

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 5.75
Net Operating Income: $140,000.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-Arizona-13402
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1987
Building Size: 2,988.00 SqFt
Lot Size: N/A
No of Stories: N/A
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing 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.
Complete Details
Year Build: 1987
Building Size: 2,988
No of Stories: N/A
Total Lot Area: N/A SqFt.
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description

Description 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. Location The Circle K is located near the signalized, hard corner intersection of US Highway 60 and W Grant Street with combining to average over 135,100 vehicles passing by daily. US Highway 60 is a major retail thoroughfare serving the city of Phoenix. The asset is located less than 1 mile from the Arizona State Capital Building. In addition, the subject property is also located approximately 2 miles from the Arizona State Fair Grounds, which features the Arizona Veterans Memorial Coliseum, a 15,000+ seat arena. The site is located less than 2 miles from Footprint Center, the home of the NBA’s Phoenix Suns (~17,000 seats). The property is in the center of a primary retail corridor with other nearby national/credit tenants including Whataburger, Chipotle, Jersey Mike’s, McDonald’s, Five Guys, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 345,000 residents and more than 314,000 employees with an average household income of $82,321, providing a direct consumer base from which the asset can draw upon.

Additional Properties
Property Highlights
  • Corporate Guaranteed Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Arizona State Fair | Footprint Center | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area
  • Rare Phoenix Retail Opportunity | High Growth Metroplex | Accelerated Depreciation
  • Signalized, Hard Corner Intersection | US Highway 60 |Excellent Visibility & Access
Features
  • APN 112-09-100, 112-09-101, 112-09-102
  • Rent Bumps: 5% Increases at the Beg. of Options 1-5
  • Investment Type: Net Lease - Lease Type: Absolute NNN
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$0.00
$0.00
$0.00
$140,000.00
$0.00
0%
Cash Flow for Current Listings
Listing Location
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35964 Winchester Rd , Winchester California                                                                                           92596
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1275 N. Hill Field Road , Layton Utah                                                                                                 84041
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17550 Hwy 19 , New London Missouri                                                                                             63459
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4315 Pickett Rd , Saint Joseph Missouri                                                                                             64503