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Circle K Ground Lease

Listing Price: $1,777,777

Cap Rate
4.50%
Tenant Name
Circle K
Years Remaining On Lease
16.50
Guarantor
Corporate Guarantee
Rentable SF
4,500
Lease Type
Ground Lease
Rent Per Square Feet
$17.78

Investment Overview

Marcus & Millichap has been retained as an exclusive marketing advisor for the sale of a Circle K Ground Lease, located at corner of 19th Avenue and Greenway Boulevard in Phoenix, Arizona. Recently built in 2017, the subject property is a 4,500 square foot single tenant building that sits on .81 Acres of land. The property benefits from being located on the corner of 19th avenue and Greenway road seeing over 31,000 cars per day on that corner. These cross streets also directly connect to Interstate 17, Loop 101, and State Route 51 making the property an easy quick stop.

Investment Highlights

  • Corporate guaranty with over 16 years remaining on a NNN ground lease
  • Located at the southeast corner of 19th Ave. and Greenway Rd., which connect directly to Interstate 17, Loop 101, and State Route 51
  • Sees over 31,000 VPD on the corner of 19th and Greenway

Exclusively Listed By

Auto Service - Gas-Conv

Circle K Ground Lease

Listing Price: $1,777,777

Cap Rate
4.50%
Tenant Name
Circle K
Years Remaining On Lease
16.50
Guarantor
Corporate Guarantee
Rentable SF
4,500
Lease Type
Ground Lease
Rent Per Square Feet
$17.78

Investment Highlights

  • Corporate guaranty with over 16 years remaining on a NNN ground lease
  • Located at the southeast corner of 19th Ave. and Greenway Rd., which connect directly to Interstate 17, Loop 101, and State Route 51
  • Sees over 31,000 VPD on the corner of 19th and Greenway

Investment Overview

Marcus & Millichap has been retained as an exclusive marketing advisor for the sale of a Circle K Ground Lease, located at corner of 19th Avenue and Greenway Boulevard in Phoenix, Arizona. Recently built in 2017, the subject property is a 4,500 square foot single tenant building that sits on .81 Acres of land. The property benefits from being located on the corner of 19th avenue and Greenway road seeing over 31,000 cars per day on that corner. These cross streets also directly connect to Interstate 17, Loop 101, and State Route 51 making the property an easy quick stop.

Exclusively Listed By

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