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29432902
29432903

655 W 22nd St, Tucson, AZ 85713

LC
CA 01858335, AZ BR676078000
Hanley Investment Group
Listed by Hanley Investment Group
$3,787,000
127 days on market
Updated 21 days ago

Circle K | Tucson, AZ

Details
APN 11808002S
Property Type Retail
Sub Type Gas Station
Square Footage 2,904
Net Rentable (SqFt) 2,904
Cap Rate 5.25%
NOI $198,759
Occupancy 100%
Tenancy Single
Brand/Tenant Circle K
Lease Type NNN
Lease Term 26.6
Lease Expiration 03/18/2031
Remaining Term 4.8
Rent Bumps Yes
Lease Options Three 5-Year & Two 10-Year
Price per SqFt $1,304
Broker Co-Op Yes
Year Built 2000
Buildings 1
Stories 1
Acreage 0.850
Lease Commencement 09/01/2004

180,000 Cars Per Day | Bonus Depreciation Eligible | Top 10% of all Circle K’s Nationwide -Placer.ai

Marketing description

CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/CircleK_Tucson

Investment highlights

  • Single-Tenant Circle K Convenience Store and Gas Station:

    • Absolute net lease (NNN) investment featuring zero landlord responsibilities, providing passive income

    • Investment-grade credit tenant (S&P: BBB+) Circle K is a subsidiary of Alimentation Couche-Tard

    • Top-performing, high-volume Circle K location, recognized as a high-performing store with exceptional sales

  • Top Placer.ai Performance: Ranked in the top 14% among all Circle K stores in a 15-mi radius and top 10% nationwide

  • Located within a Designated Opportunity Zone, Providing Potential Tax Advantages for Qualified Investors

  • Unmatched Freeway Access & Visibility:

    • Adjacent to I-10 (179,800 CPD) at W 22nd St (30,900 CPD) with pylon signage visibility from the freeway

    • W 22nd St is a major east-west arterial connecting downtown Tucson (1.5 miles away) to surrounding residential and industrial nodes

  • Market-Level Investment Appeal: Tucson, AZ

    • One of the strongest-performing markets in Arizona (over 1.04 million people in the metro)

    • University of Arizona – State’s most widely-recognized institution with over 54,000 students

    • Tucson International Airport – Arizona’s 2nd busiest airport with 4.1 million passengers in 2025 (it’s busiest year on record); currently undergoing $400 million remodel

Listing Contacts

LC
CA 01858335, AZ BR676078000
Hanley Investment Group
Listed by Hanley Investment Group

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$198,759.00
$16,563.25/mo

Valuation Metrics

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DSCR
5.25%
Cap Rate
5.25%
ROI

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