Circle K - Phoenix, AZ

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Circle K investment property located in Phoenix, Arizona.​ The tenant, Circle K has over 7 years of lease term remaining with 6 (5-year) options to extend, demonstrating their commitment to the site.​ The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of the first five option periods, steadily growing NOI and hedging against inflation.​ The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.​

The Circle K is located near the signalized, hard corner intersection of US Highway 60 and W Grant Street with combining to average over 135,100 vehicles passing by daily.​ US Highway 60 is a major retail thoroughfare serving the city of Phoenix.​ The asset is located less than 1 mile from the Arizona State Capital Building.​ In addition, the subject property is also located approximately 2 miles from the Arizona State Fair Grounds, which features the Arizona Veterans Memorial Coliseum, a 15,000+ seat arena.​ The site is located less than 2 miles from Footprint Center, the home of the NBA’s Phoenix Suns (~17,000 seats).​ The property is in the center of a primary retail corridor with other nearby national/credit tenants including Whataburger, Chipotle, Jersey Mike’s, McDonald’s, Five Guys, and more, further increasing consumer traffic to the site.​ The 5-mile trade area is supported by a population of over 345,000 residents and more than 314,000 employees with an average household income of $82,321, providing a direct consumer base from which the asset can draw upon.​

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  Corporate Guaranteed Lease | Options To Extend | Scheduled Rental Increases

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  Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

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  Arizona State Fair | Footprint Center | Dense Retail Corridor

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  Strong Demographics In 5-Mile Trade Area

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  Rare Phoenix Retail Opportunity | High Growth Metroplex | Accelerated Depreciation

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  Signalized, Hard Corner Intersection | US Highway 60 |Excellent Visibility & Access