702 W Mcdowell Rd - Service Station FOR SALE


Phoenix, AZ 85007
$2,927,000 USD
602-687-6766
702 W Mcdowell Rd, Phoenix, AZ for Sale
$2,927,000 USD
Service Station - FOR SALE
1/5
null | 5.25% Cap Rate

702 W Mcdowell Rd
Phoenix, AZ 85007


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
  • Opportunity for Bonus Depreciation
  • Hard Corner Location, Easily Accessible by Roughly 90,000 Cars Per Day from McDowell Road & N 7th Avenue

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.

FOR SALE DETAILS

PRICE

$2,927,000 USD

PRICE/SF

$1,092 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Circle K

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

C-2

APN/PARCEL ID

111-09-001A

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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Mark RubleMarcus & MillichapMore Info
602-687-6766

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