Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$2,783,000
Quik Mart - Corporate Guarantee
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,323
Cap Rate 6%
NOI $167,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 20
Lease Expiration 04/30/2043
Remaining Term 17
Rent Bumps Yes
Lease Options 4, 5 Year Options
Year Built 1971
Acreage 0.970
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/05/2023
Ground Lease No
Qualifies for 100% Bonus/Accelerated Depreciation
Marketing description
- 17 Plus Years Remaining on Corporate Lease with Southwest Convenience SPE, LLC (17 Plus Units)
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options on Lease
- Property Qualifies for 100 Percent Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation
- 589,555 Residents within a 10-Mile Radius - Dense Tucson Infill
- Hard Corner Location with Easy Access to the I-10 Freeway (80,000 Cars per Day)
Investment highlights
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.
Listing Contacts
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$167,000.00
$13,916.67/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Map
Zoning
CB-2 CommercialGeneral CommercialGeneral Business
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 282 uses
View all 282 uses Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
