Listed by SimonCRE
$3,600,000
Circle K at Asante Trails
Details
Property Type Retail
Sub Type Convenience Store
Cap Rate 5.00%
NOI $180,000
Tenancy Single
Lease Type NNN
Lease Term 15
Rent Bumps Yes
Acreage 1.840
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease Yes
Corporate Guarantee | 15,000 + Unit Planned Community
Marketing description
A 15-year base term NNN ground lease transfers all operating expenses to the tenant while delivering investors a durable, long-duration income stream with zero landlord management obligations.
Scheduled rent increases of 10% every five years provide investors with meaningful NOI growth at predefined intervals, ensuring purchasing power is preserved and returns compound steadily throughout the lease term.
Positioned at a newly developed retail intersection anchored by Fry's Marketplace, the property benefits from two of the grocery sector's most traffic-intensive operators, creating a high-frequency destination that drives consistent consumer visits and validates the long-term strength of the trade area.
Investment highlights
- NNN GROUND LEASE | 15 YEAR BASE TERM - A 15-year base term NNN ground lease transfers all operating expenses to the tenant while delivering investors a durable, long-duration income stream with zero landlord management obligations.
- 10% RENT INCREASES EVERY 5 YEARS - Scheduled rent increases of 10% every five years provide investors with meaningful NOI growth at predefined intervals, ensuring purchasing power is preserved and returns compound steadily throughout the lease term.
- NEW RETAIL INTERSECTION - Positioned at a newly developed retail intersection anchored by Fry's Marketplace, the property benefits from two of the grocery sector's most traffic-intensive operators, creating a high-frequency destination that drives consistent consumer visits and validates the long-term strength of the trade area.
- PRIME INTERSECTION - Strategically positioned on 163Rd Ave & Pat Tillman seeing ±12,386VPD. The property benefits from exceptional cotenancy alongside Fry's Marketplace, a lineup that drives consistent consumer traffic and reinforces the long-term viability of the trade area.
- ASANTE MASTER PLANNED COMMUNITY - Surprise's development focused mindset has brought 15,665+ planned housing units to support the growing economy and population of one of Arizona's fastest growing cities.
- AFFLUENT & GROWING CONSUMER BASE - A dense and affluent surrounding population of over ±113,667 residents within a 5-mile radius, earning an average household income of approximately $163,766 provides a deep and resilient consumer pool to support long-term tenant performance.
- BLUE-CHIP CORPORATE GUARANTEE - Backed by Alimentation Couche-Tard, a Fortune Global 500 company generating over $70 billion in annual revenue, investors benefit from an investment-grade BBB+ credit rated tenant with a global footprint of over 16,700 locations across 29 countries.
Listing Contacts
Listed by SimonCRE
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,000.00
$15,000.00/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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