Circle K | Phoenix, AZ 7424 West McDowell Road

Phoenix, AZ 85035

For Sale

2,855 sqft

Sale Price

$1,732,000
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Retail For Sale - Available Immediately
Circle K | Phoenix, AZ
LONG-TERM OPERATING HISTORY The tenant has been operating at this location since the original lease commenced in 1990, demonstrating their success and commitment to this location. The lease has been extended several times, and is currently set to expire in June 2027. The tenant has a total of four, 5-year renewal options followed by two, 10-year renewal options.
EXCELLENT SITE-LEVEL VISIBILITY The property is located on the hard, signalized corner of McDowell Rd and N 75th Ave and benefits from excellent visibility. The combined average traffic counts at this intersection are 64,728 vehicles per day. Additionally, less than a quarter mile away is a point of entry to the Interstate-10 highway, which has daily traffic counts of 240,000+ vehicles near this exit.
STRONG CORPORATE GUARANTEE FROM CIRCLE K The lease is corporately guaranteed by Circle K Stores Inc. Circle K is a global chain of convenience stores and gas stations headquartered in Tempe, AZ. It is the second largest convenience store chain in the world, with over 14,800 locations across North America, Europe, and Asia.
COURT-ORDERED SALE This is a court-ordered sale, which may affect the timing of the transaction. Please contact agent for details.
Get in touch
Tony Anderson
Lic: 01936642
TA
Richard Brehaut
Lic: 01934760
RB
Kent Presson
Lic: 02076597
KP
Benjamin Farthing
Benjamin Farthing
Scott Budzenski
Lic: 01989360
SB
ABSOLUTE TRIPLE NET (NNN) GROUND LEASE
Circle K is subject to an Absolute Triple Net (NNN) Ground Lease, resulting in zero landlord management responsibilities. The tenant is responsible for property taxes, insurance, and all repairs & maintenance at the property, including the roof & structure.
STRATEGIC LOCATION
The subject property benefits from its location in a strong retail corridor and within close proximity to several large shopping centers. The Desert Sky Esplanade, featuring Walmart Supercenter, Lowe’s, Ross, and more is across the street as well as The Home Depot. Within a mile from the property is the Desert Sky Mall, a 888,000+ square feet indoor bilingual shopping mall.

Total Space Available

2,855 sqft

Sale Price

$1,732,000
site plan_Circle K - Phoenix, AZ
Get in touch
Tony Anderson
Lic: 01936642
TA
Richard Brehaut
Lic: 01934760
RB
Kent Presson
Lic: 02076597
KP
Benjamin Farthing
Benjamin Farthing
Scott Budzenski
Lic: 01989360
SB