Circle K
Retail | 5.00% CAP | 2,849 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Circle K located at 3155 North Alvernon Way, Tucson, AZ 85712. The site consists of roughly 2,849 rentable square feet of building space on an estimated .45-acre parcel of land. Circle K is subject to a 60-year Triple Net (NNN) lease, which commenced 2/15/1971. The current annual rent is $97,900 and has scheduled increases of 10.00% Every 5 Years.
Investment highlights
Long-Term Tenancy | Circle K has operated at this location since 1971.
Investment Grade Credit | Circle K (owned by Alimentation Couche-Tard) maintains a strong investment-grade credit rating of BBB from S&P and Baa2 from Moody's.
2nd Largest Gas Station & C-Store Operator in the World | Circle K operates over 14,800 convenience stores and fuel stations worldwide across 23 countries.
May Qualify For Bonus Depreciation | Gas station owners may utilize IRS Section 168(k) for bonus depreciation. Pleasae consult a tax professional.
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