Circle K NNN Property For Sale — Phoenix, AZ
1834 W. Grant Street, Phoenix, AZ 85007
This Circle K property presents an excellent investment opportunity in Phoenix, Arizona. The tenant has over 7 years remaining on an absolute NNN lease, demonstrating strong commitment to the site. The lease features attractive 5% rental increases every 5 years throughout the initial term and through the first five option periods, providing a steadily growing net operating income and a hedge against inflation. This offering boasts zero landlord responsibilities, ideal for a passive, management-free investment.The property is strategically located near the signalized, hard corner intersection of US Highway 60 and W Grant Street, benefiting from high traffic counts averaging over 135,100 vehicles daily. US Highway 60 is a major retail thoroughfare for Phoenix. The asset is less than a mile…
- Address: 1834 W. Grant Street, Phoenix, AZ 85007
- Asking price $2.44M
- 6.00% cap rate
- NOI $140,000
- 7 years remaining
- NNN lease
- Year built: 1987
- Building size: 2,988 SF
- Lot size: 0.61 acres
- Rent increases: 5 years; 5 years; 5 years; 5 years; …
- Guarantor: Corporate
Location
This Circle K property is at 1834 W. Grant Street in Phoenix, Arizona.
Asset type: Retail