Miscellaneous
Quik Mart
1140 S 4th Ave, Tucson, AZ 85701
Listing Price: $2,068,610
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the Quik Mart located at 1140 South 4th Avenue, in Tucson, Arizona. The site consists of roughly 1,125 rentable square feet of building space on estimated 0.41-acre parcel of land. This Quik Mart is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $119,979 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the four (4), five (5)-year renewal options.
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
Listing Price: $2,068,610
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
- Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the Quik Mart located at 1140 South 4th Avenue, in Tucson, Arizona. The site consists of roughly 1,125 rentable square feet of building space on estimated 0.41-acre parcel of land. This Quik Mart is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $119,979 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the four (4), five (5)-year renewal options.
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
