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Quik Mart

Retail | 6.00% CAP | 2,200 SF

Listing Contacts

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Active

Asking Price: $2,417,000
Address 

7895 E Golf Links Rd, Tucson, AZ 85730

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Date Added
Nov 12, 2024
Days on Market
122 days
Time Since Last Update
122 days

Details

Property TypeRetail
SubtypeGas Station
Investment TypeNet Lease
Lease TypeNNN
Tenant CreditCorporate Guarantee
TenancySingle
Brand/TenantQuik Mart
Lease Term20.1 years
Lease Commencement04/05/2023
Lease Expiration04/30/2043
Remaining Term18.1 years
Square Footage2,200
Price/Sq Ft$1,098.64
Cap Rate6.00%
Occupancy100%
NOI$145,000
Year Built1989
Lot Size (acres)0.71
Rent Bumps10% Every 5 Years
Lease Options4, 5 Year Options

Marketing Description

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.​

Investment 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)

  • 544,514 Residents within a Ten-Mile Radius - Dense Tucson Infill

  • Signalized Hard-Corner Location at Intersection of E Golf Links Rd & S Pantano Rd Visible to Over 47,000 Cars per Day

  • Within 3 Miles from Pima Community College - East Campus & Lincoln Regional Park

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$145,000.00
$12,083.33/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts

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