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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 4611 Flowing Wells Road, in Tucson, Arizona. The site consists of roughly 2,250 rentable square feet of building space on estimated 0.22-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 $71,351 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.

 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:
$1,230,182
Cap Rate:
5.80%
Annual Rent:
$71,351
Address:
4611 Flowing Wells Road, Tucson, Arizona 85705
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:
0.22 Acres
Building Size:
2,250 SF
Year Built:
1970
Tenant:
Quik Mart

Broker of record

Ryan Sarbinoff

License: BR675146000


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