Circle K NNN Ground
7424 West McDowell Road, Phoenix, AZ 85035
Absolute NNN ground lease with zero landlord responsibilities.
Type:Retail
Property size:
2,855 SFPrice / SF:
$606/SF- Added:
- Mar 25, 2026
- Days on Market:
- 46
- Last Refresh:
- Mar 18 at 9:10 am
Property Features for 7424 West McDowell Road
General Information
- Standard status
- Active
- Size
- 2,855 SF
- Property subtype
- Retail
Listing agent Tony Anderson License #01936642
Listing office CBRE - South Bay
Listing date Mar 25, 2026
Source Cbre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of CBRE - South Bay
HighLights
- 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.
- Excellent Site‑Level Visibility: Located on a hard, signalized corner with high traffic counts and near I‑10 access.
- Long‑Term Operating History: Tenant operating at this location since 1990 with multiple lease extensions; current lease expires June 2027 with renewal options.
- Court‑Ordered Sale: May affect transaction timing; contact agent for details.
Overview
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.
Property Profile
Insight Report
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
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.2200771
- Latitude
- 33.46607
Nearby Similar for Sale
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 Road 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.
