Circle K | Ground Lease Mesa, AZ

1145 West Main Street
Mesa, AZ

Price: $1,721,200
Cap Rate: 5.50%
NOI: $94,664
Building Size: Approx. 2,952 Sq. Ft.
Lot Size: Approx. 0.71 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 1989

Investment Overview

  • 1989 Construction. 2,952+/- SF Building on 0.71+/- Acre Site
  • Absolute NNN Ground Lease w/ 2% Annual Rent Increases
  • Circle K has Nearly 35 Years of Historical Occupancy at the Site
  • Situated On Corner of W Main St (17,700+ VPD) & S Alma School Road (27,400+ VPD), Just S of Arizona 202 Loop (136,500+ VPD)
  • Only Half a Mile from Sloan Park, The Chicago Cubs Spring Training Site – Largest Training Site by Capacity in Major League Baseball
  • Circle K is a Highly Sought After Net Lease C-Store Tenant – The Largest Chain of Company-Owned C-Stores, w/ Over 15,000 Locations
  • Mesa  |  Second Largest City in Phoenix-Mesa Metro Area  |  Population: 512,498+