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Quik Mart - Corporate Guarantee

3250 W Cortaro Farms Rd, Tucson, AZ 85742

Listing Price: $2,867,000

Cap Rate
6.00%
Tenant Name
Southwest Convenience SPE, LLC
Years Remaining On Lease
19.0
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$1,146.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$68.80

Investment Overview

Quik Mart Stores, Inc. is a second-generation family business of 17 convenience Stores throughout Tucson and Pima County, Arizona. The Company is the largest independent convenience store retailer in the Tucson Metropolitan Statistical Area.

Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business. Over the next five years, the metro is projected to add roughly 37,000 new residents.

Investment Highlights

  • 19 Years Remaining on Corporate Lease with Southwest Convenience SPE, LLC (Over 17 Units)
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options on Lease
  • Tenant in Process of Making Additional Capital Improvements to Site (New Parking Lot)
  • 348,014 Residents within a Ten-Mile Radius - Dense Tucson Infill
  • Highly Visible Location Along W Cortaro Farms Rd with Over 18,000 Cars per Day
  • Less Than a Three Minute Drive from Omni Tucson National Resort, AAA Four Diamond Resort with Legendary Golf Courses, World-Class Spa, Lighted Tennis Courts, Sparkling Pools, and Award-Winning Service
  • Immediate Connection to N Casa Grande Hwy 10 (Over 104,500 Cars per Day)
  • Surrounded by Big Box Retailers: Walmart Supercenter, Bashas', Albertsons, Fry's, Target, Lowe's, Harbor Freight Tools, and Many More

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Auto Service - Gas-Conv

Quik Mart - Corporate Guarantee

Listing Price: $2,867,000

Cap Rate
6.00%
Tenant Name
Southwest Convenience SPE, LLC
Years Remaining On Lease
19.0
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$1,146.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$68.80

Investment Highlights

  • 19 Years Remaining on Corporate Lease with Southwest Convenience SPE, LLC (Over 17 Units)
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options on Lease
  • Tenant in Process of Making Additional Capital Improvements to Site (New Parking Lot)
  • 348,014 Residents within a Ten-Mile Radius - Dense Tucson Infill
  • Highly Visible Location Along W Cortaro Farms Rd with Over 18,000 Cars per Day
  • Less Than a Three Minute Drive from Omni Tucson National Resort, AAA Four Diamond Resort with Legendary Golf Courses, World-Class Spa, Lighted Tennis Courts, Sparkling Pools, and Award-Winning Service
  • Immediate Connection to N Casa Grande Hwy 10 (Over 104,500 Cars per Day)
  • Surrounded by Big Box Retailers: Walmart Supercenter, Bashas', Albertsons, Fry's, Target, Lowe's, Harbor Freight Tools, and Many More

Investment Overview

Quik Mart Stores, Inc. is a second-generation family business of 17 convenience Stores throughout Tucson and Pima County, Arizona. The Company is the largest independent convenience store retailer in the Tucson Metropolitan Statistical Area. Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business. Over the next five years, the metro is projected to add roughly 37,000 new residents.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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