7895 Golf Links Rd Tucson, AZ 85730-1131
- Grocery and convenience stores
- 2,191 SF
- 0.70 lot acres
Apr 05, 2023
Current Use by Public Records
- Quik Mart / Convenience Store / Atm
- Western Union / Money Transfer Service
- Cardtronics ATM / Atm
- Chevron / Gas Station
Property Details for 7895 Golf Links Rd
- Year built
- 1989
- Construction
- FRAME
- Lot size
- 0.70 lot acres
- Property size
- 2,191 SF
- Property type
- Grocery and convenience stores
- APN
- 136-15-0200
- APU
- 136150200
Description
This exceptional investment opportunity presents a 2,200 square foot Quik Mart gas station located at 7895 E Golf Links Rd, Tucson, AZ 85730. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $145,000. Secured by a corporate guarantee, the NNN lease features a remaining term of 18.4 years, extending to April 30, 2043, with 10% rent bumps every five years and multiple renewal options. The tenant, Quik Mart, is a significant player in the Tucson market, operating 17 convenience stores throughout the area. This single-tenant property sits on a 0.71-acre lot and benefits from a high-traffic location at a signalized intersection, enjoying visibility to over 47,000 vehicles daily. Built in 1989, the property is currently undergoing improvements, including a new parking lot. The location is strategically positioned within three miles of Pima Community College - East Campus and Lincoln Regional Park, serving a dense population of 544,514 residents within a ten-mile radius. The asking price is $2,417,000, translating to $1,098.64 per square foot. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential in a thriving market. The lease commenced on April 5, 2023.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,355,000
- ML approach
- $2,335,000
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Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.824
- Latitude
- 32.1925
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA