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Quik Mart - Corporate Guarantee

Qualifies for Bonus/Accelerated Depreciation

Listing Contacts

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Active

Asking Price: $2,867,000
Address 

3250 W Cortaro Farms Rd, Tucson, AZ 85742

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Date Added
Mar 18, 2025
Days on Market
2 days
Time Since Last Update
2 days

Details

Property TypeRetail
SubtypeConvenience Store, Gas 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 Footage2,500
Cap Rate6.00%
Occupancy100%
NOI$172,000
Year Built1982
Lot Size (acres)0.42
Rent Bumps10% Increases 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)

» 348,014 Residents within a Ten-Mile Radius - Dense Tucson Infill

» Highly Visible Location Along W Cortaro Farms Rd with Over 18,000 Cars per Day

» Less Than a Three Minute Drive from Omni Tucson National Resort, AAA Four Diamond Resort with Legendary Golf Courses, World-Class Spa, Lighted Tennis Courts, Sparkling Pools, and Award-Winning Service

» Immediate Connection to N Casa Grande Hwy 10 (104,500+ Cars per Day)

» Subject Property in Direct Proximity to Casa Adobes Country Club Estates Community, and Down the Road from Legacy Traditional School

» Surrounded by Big Box Retailers: Walmart Supercenter, Bashas', Albertsons, Fry's, Target, Lowe's, Harbor Freight Tools, and Many More

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$172,000.00
$14,333.33/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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