For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
The Largest CRE Database in the US with Over 1 Million Listings

7424 West Mcdowell Rd Phoenix, AZ 85035

View on Map
Loading data...
Loading data...
Loading data...
For Sale
$1,732,000

Absolute NNN ground lease with zero landlord responsibilities.

Property size:
2,855 SF

Property Features for 7424 West Mcdowell Rd

General Information

Standard status
Active
Size
2,855 SF

We can help!

Listing Contact
Tony Anderson
Tony Anderson
Source: Cbre

Listing Agency: CBRE South Bay Listing Agent: Tony Anderson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more


Overview

Circle K NNN Ground Lease

This property is an absolute triple net (NNN) ground lease Circle K, meaning there are zero landlord management responsibilities. The tenant is responsible for property taxes, insurance, and all repairs & maintenance at the property, including the roof & structure. 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. 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. The 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. 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. This is a court-ordered sale, which may affect the timing of the transaction.
Location Intelligence

Current Use by Public Records

Redbox Cinema Amazon Locker - Squeegee Postal Service SR22 Insurance Insurance Agency Circle K Grocery & Convenience Store Bitcoin Depot | Bitcoin ... Atm

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Phoenix
County
Maricopa
State
Arizona
Longitude
-112.2200771
Latitude
33.46607

FAQs

What type of property is this?
Gas station - Absolute NNN ground lease with zero landlord responsibilities.
Where is this gas station located?
The property is located at 7424 West Mcdowell Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,732,000.
What are key features of this property?
This property features: - Absolute Triple Net (NNN) Ground Lease: Enjoy zero landlord responsibilities.; - Strong Corporate Guarantee: Lease guaranteed by Circle K Stores Inc.; - Strategic Location: In a strong retail corridor near Desert Sky Esplanade and The Home Depot; close to Desert Sky Mall.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message