3250 W Cortaro Farms Rd - Service Station FOR SALE


Tucson, AZ 85742- Casas Adobes
$2,867,000 USD
602-687-6780
3250 W Cortaro Farms Rd, Tucson, AZ for Sale
$2,867,000 USD
Service Station - FOR SALE
1/6
null | 6% Cap Rate

3250 W Cortaro Farms Rd
Tucson, AZ 85742
Casas Adobes


HIGHLIGHTS

  • 19 Years Remaining on Corporate Lease with Southwest Convenience SPE, LLC (17+ Units)
  • 10% 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 Amenities

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.

FOR SALE DETAILS

PRICE

$2,867,000 USD

PRICE/SF

$1,147 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quik Mart - Corporate Guarantee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

CB-1

APN/PARCEL ID

225-32-002H

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

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Christopher LindMarcus & MillichapMore Info
602-687-6780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.