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33228635
33228636

4301 W Thomas Rd, Phoenix, AZ 85009 For Sale

MS
AZ BR581592000
Terrace Commercial Properties
Listed by Terrace Commercial Properties
$2,275,000
48 days on market
Updated 48 days ago

Circle K

Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 3,025
Cap Rate 4.63%
NOI $105,276
Tenancy Single
Brand/Tenant Circle K
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 07/18/2029
Remaining Term 3
Rent Bumps Yes
Lease Options One (1) Five (5) year
Year Built 1987
Acreage 0.460
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/1988
Ground Lease No
Ownership Fee Simple

Retail | 4.63% CAP | 3,025 SqFt

Marketing description

Circle K is a leading global convenience retailer recognized for its commitment to customer satisfaction, strong brand presence, and innovative retail solutions. With thousands of locations worldwide, Circle K has built a reputation for providing a comprehensive one-stop experience delivering high quality fuel options, fresh food and beverage selections, and everyday convenience products.

Circle K's business model focuses on high traffic accessibility and quick, reliable service that caters to commuters, local residents, and travelers alike. The brand's emphasis on modern store formats, bright welcoming environments, and loyalty programs strengthens customer retention and drives consistent sales performance. Circle K strategically positions its stores in high visibility, high accessibility locations ensuring strong daily customer flow.

Investment highlights

  • Hard Corner Location with Excellent visibility Accessibility at the Busy Intersection of 43rd Ave&Thomas Rd.
  • Strong Traffic Counts. East/West Thomas Rd sees over 31K cars/day & North/south Thomas Rd sees over 38K cars/day
  • Close Proximity to the I-10 Highway
  • Exceptional Pole/Monument Signage
  • Triple Net (NNN) Lease. The tenant is responsible for property taxes, insurance, and property maintenance. *Tenant also pays LL a rentaltax of 2.6% of base rent
  • Long-Term Operating History. The Tenant has been operating at this location for nearly 40 years, demonstrating their success and commitmentto this location.
  • Strong Corporate Guarantee from Circle K. Circle K is a global chain & is the 2nd largest in the world, with over 14,800 locations across North America, Europe, and Asia.

Listing Contacts

MS
AZ BR581592000
Terrace Commercial Properties
Listed by Terrace Commercial Properties

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,276.00
$8,773.00/mo

Valuation Metrics

0
DSCR
4.63%
Cap Rate
4.63%
ROI

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Additional Information

Name
Matt Shelley
License
BR581592000
Brokerage
Terrace Commercial Properties
Brokerage Phone
4803706595
Title
Broker
Brokerage Address
4852 East Baseline Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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