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Quik Mart

Tucson, Arizona

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The NNN Pro Group is pleased to present the exclusive listing for the Quik Mart located at 6301 S Park Avenue, in Tucson, Arizona. The site consists of roughly 2,270 rentable square feet of building space on estimated 0.32-acre parcel of land. This Quik Mart is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $119,815 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the four (4), five (5)-year renewal options.

About the Investment
Long-Term, 20-Year Absolute Triple Net (NNN) Lease
Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

Key Details

Price:
$2,065,779
Cap Rate:
5.80%
Annual Rent:
$119,815
Address:
6301 S Park Ave, Tucson, Arizona 85706
Property Type:
Net Lease C-Store
Lease Type:
NNN

Original Lease Term:
20 Years
Lease Commencement:
Close of Escrow
Lease Expiration:
20 Years From Close of Escrow
Lease Term Remaining:
20 Years
Rental Increases:
10% Every 5 Years
Lot Size:
0.32 Acres
Building Size:
2,270 SF
Year Built:
1979
Tenant:
Quik Mart

Broker of record

Ryan Sarbinoff

License: BR675146000


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