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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 1140 South 4th Avenue, in Tucson, Arizona. The site consists of roughly 1,125 rentable square feet of building space on estimated 0.41-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 $119,979 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

About the Location:

  • Dense Commercial & Residential Area | National Tenants Include: Dollar General, O’Reilly Auto Parts, Advance Auto Parts, Chevron, 7-Eleven, Pep Boys, Napa Auto Parts and Many More
  • Strong Demographics | Population Exceeds 304,000 Individuals Within a Five-Mile Radius
  • Strong Traffic Counts | Over 34,000 Per Day West 22nd Street
  • Tucson International Airport | Located Approximately Seven-Miles Away | Serves More than 3 Million Passengers Annually
  • Strong Real Estate Fundamentals | Located in Tucson | Arizona’s Second Largest City

About the Tenant/Brand:

  • Quik Mart is the Largest Independent Convenience Store in the Tucson Metropolitan Statistical Area
  • The Company has Earned the Title of “Best Convenience Store” by the Arizona Daily Star’s Reader’s Choice Award for the Past Three Years
  • Founded in 1965, Quik Mart has Became Known as the Local Choice in the Tucson Convenience Store Marketplace
  • Many Patrons Consider the Stores as a Secondary Source of Groceries

Key Details

Price:
$2,068,610
Cap Rate:
5.80%
Annual Rent:
$119,979
Address:
1140 S 4th Ave, Tucson, Arizona 85701
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:
0.41 Acres
Building Size:
1,125 SF
Year Built:
1983
Tenant:
Quik Mart

Broker of record

Ryan Sarbinoff

License: BR675146000


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