Circle K NNN Property For Sale — Avondale, AZ · 2,712 SF
Avondale, AZ 85323
This Circle K property presents an exceptional investment opportunity with a recent lease extension showcasing the tenant's commitment to this established location, which Circle K has successfully operated for over 51 years. The lease is corporate guaranteed by Circle K Convenience Stores, Inc., an investment-grade S&P BBB credit-rated entity, and features an absolute NNN structure, offering passive cash flow with no landlord maintenance responsibilities. The property benefits from excellent identity and exposure on Buckeye Road, with daily traffic exceeding 21,000 vehicles. The rent is below market compared to similar stand-alone gas station properties at just $1.41 per square foot. Located in a dense infill Phoenix area, the property is surrounded by a strong and growing population, wit…
- Address: Avondale, AZ 85323
- Asking price $875,000
- 5.25% cap rate
- NOI $45,938
- 2 years remaining
- NNN lease
- Year built: 1985
- Building size: 2,712 SF
- Lot size: 0.46 acres
- Lease expiration: Jul 18, 2025
- Guarantor: Corporate
Location
This Circle K property is in Avondale, Arizona.
Asset type: Retail - Service/Gas Station