Quik Mart - Corporate Guarantee | 3250 W Cortaro Farms Rd
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Quik Mart - Corporate Guarantee 3250 W Cortaro Farms Rd
2,500 SF Retail Building Tucson, AZ 85742 $2,867,000 ($1,147/SF) 6% Cap Rate
Investment Highlights
- 19 Years Remaining on Corporate Lease with Southwest Convenience SPE, LLC (17+ Units)
- Tenant in Process of Making Additional Capital Improvements to Site (New Parking Lot)
- Highly Visible Location Along W Cortaro Farms Rd with Over 18,000 Cars per Day
- 10% Rental Increases Every Five Years with Multiple Renewal Options on Lease
- 348,014 Residents within a Ten-Mile Radius - Dense Tucson Infill
- Less Than a Three Minute Drive from Omni Tucson National Resort, AAA Four Diamond Resort with Legendary Golf Courses, & World-Class Amenities
Executive Summary
Quik Mart Stores, Inc. is a second-generation family business of 17 convenience Stores throughout Tucson and Pima County, Arizona. The Company is the largest independent convenience store retailer in the Tucson Metropolitan Statistical Area.
Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business. Over the next five years, the metro is projected to add roughly 37,000 new residents.
Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business. Over the next five years, the metro is projected to add roughly 37,000 new residents.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
1982
Price
$2,867,000
Price Per SF
$1,147
Cap Rate
6%
NOI
$172,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Land Acres
0.42 AC
Zoning
CB-1
Parking
8 Spaces (3.2 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 225-32-002H | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $47,443 |
PROPERTY TAXES
Parcel Number
225-32-002H
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$47,443
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Power Broker Christopher Lind -
Power Broker Mark Ruble -
Marcus & Millichap
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Quik Mart - Corporate Guarantee | 3250 W Cortaro Farms Rd
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