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Auto Service - Gas-Conv

Circle K

702 W McDowell Rd, Phoenix, AZ 85007

Listing Price: $2,927,000

Cap Rate
5.25%
Tenant Name
Circle K
Years Remaining On Lease
3.1
Guarantor
Corporate Guarantee
Rentable SF
2,680
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.34

Investment Overview

Circle K has become one of the most widely recognized convenience store brands, known worldwide for
quality products and great customer service. Founded in 1951 in El Paso, Texas, the company is owned and
operated by the Canada-based Alimentation Couche-Tard, the leader in the Canadian convenience store
industry. In the United States, it is the largest independent convenience store operator in terms of number
of company-operated stores. As of April 30, 2023, Couche-Tard’s network comprised 14,468 convenience
stores throughout North America.
The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. Since 2000, the population in the metro increased by more than 38 percent. The largest city is Phoenix, which encompasses about 520 square miles, is the capital city and boasts a population of more than 1.5 million.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease - Tenant Recently Exercised a Three-Year Extension, Showing Commitment to the Site
  • 5% Increases Every 5 Years in the Initial Four, Five-Year Renewal Options
  • Long Term Operating History – Tenant has Occupied the Site Since 2008
  • 405,708 Residents within a Five-Mile Radius - Rare Infill Near Downtown Phoenix
  • Hard Corner Location, Easily Accessible by Roughly 90,000 Cars Per Day from McDowell Road & N 7th Avenue

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

Circle K

Listing Price: $2,927,000

Cap Rate
5.25%
Tenant Name
Circle K
Years Remaining On Lease
3.1
Guarantor
Corporate Guarantee
Rentable SF
2,680
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.34

Investment Highlights

  • Absolute Triple-Net (NNN) Lease - Tenant Recently Exercised a Three-Year Extension, Showing Commitment to the Site
  • 5% Increases Every 5 Years in the Initial Four, Five-Year Renewal Options
  • Long Term Operating History – Tenant has Occupied the Site Since 2008
  • 405,708 Residents within a Five-Mile Radius - Rare Infill Near Downtown Phoenix
  • Hard Corner Location, Easily Accessible by Roughly 90,000 Cars Per Day from McDowell Road & N 7th Avenue

Investment Overview

Circle K has become one of the most widely recognized convenience store brands, known worldwide for quality products and great customer service. Founded in 1951 in El Paso, Texas, the company is owned and operated by the Canada-based Alimentation Couche-Tard, the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of number of company-operated stores. As of April 30, 2023, Couche-Tard’s network comprised 14,468 convenience stores throughout North America. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. Since 2000, the population in the metro increased by more than 38 percent. The largest city is Phoenix, which encompasses about 520 square miles, is the capital city and boasts a population of more than 1.5 million.

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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