Circle K

1834 West Grant Street, Phoenix, AZ 85007

$2,435,000

Cap Rate 5.75%

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DOM: 17 Updated: 07.29.25 Posted: 07.29.25 Status: Active 07.29.25

Summary

Price $2,435,000	Built/Renov 1987	Tenant Circle K
Cap Rate 5.75%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,988	Lease Start 04-01-2007	#Units 16,700
Price/SF $814.93	Expiration 05-01-2032	Tenant Type Convenience/Gas
NOI $140,000	R. Term 6.8	Ownership Fee Simple
Rent/SF $46.85	Increases 5.0%/20/yrs	Pop 5Mi 345,514
Lot/AC 0.61	Options 6/5yrs/5%	AHHI 5Mi $82,321

Highlights

Tenant has 7+ years remaining on the lease, with (6) five-year extension options.
Lease features 5% rent increases every 5 years
Absolute NNN lease I zero landlord responsibilities
Corporate guaranteed lease

Location Description

Circle K is prominently positioned near the signalized, hard-corner intersection of US Highway 60 and W. Grant Street, with combined traffic counts exceeding 135,100 vehicles per day. The property benefits from direct visibility along S. 19th Avenue (20,800 VPD) and W. Grant Street (9,400 VPD), with multiple ingress and egress points. Located less than 2 miles from Downtown Phoenix, the site...

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Key Features

Signalized intersection
Hard corner intersection
Strategically located
Freeway visibility
Top 100 MSA
Strong demographics
Absolute NNN
Limited competition
Corporate Guarantee
Credit rated company

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Links

Circle K Wikipedia Circle K Wikipedia Phoenix, AZ Zip Code 85007 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Circle K
Guarantor:Corp T and Rated
Company:Alimentation Couche-Tard
# Units:16,700
Tenant S&P: BBB+
Moody’s: Baa1
Stock: TSX: ATD

About Tenant

Circle K Stores, Inc. is an international chain of convenience stores, and the largest independent convenience store operator in the U.S. in terms of the number of company-operated stores....

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	14,011	105,568	357,461
2023 Total Population :	13,881	95,862	343,493
2023 Employed Civilian Pop :	4,902	40,498	151,575
2023 Total Businesses :	764	6,433	14,731
2023 Average Household Income :	$ 50,061	$ 79,518	$ 76,344
2023 Total Consumer Spending :	$ 192 M	$ 2406 M	$ 8004 M
2023 Median Age :	29	32	31
2023 Total Households :	4,321	34,310	118,700
2023 Pop Age 25+: Bachelor's Degree :	487	10,821	29,374
2023 Average Home Value :	$ 294,064	$ 386,919	$ 376,606

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
South 19th Avenue	W Lincoln St	2018	18,805	0.08 mi
W Grant St	S 17th Ave	2015	7,636	0.16 mi
S 19th Ave	W Harrison St	2011	15,236	0.17 mi
S 19th Ave	W Hadley St	2016	18,863	0.17 mi
S 17th Ave	W Buchanan St	2015	1,920	0.24 mi
S 17th Ave	W Tonto St	2012	2,617	0.29 mi
W Grant St	S 21st Ave	2015	9,435	0.30 mi
Buckeye Rd	S 18th Ave	2010	17,605	0.34 mi
Buckeye Rd	S 19th Ave	2010	16,482	0.35 mi
S 19th Ave	W Jefferson St	2010	15,267	0.35 mi

Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

394 Listings
97760 Views
178 Sold

Patrick Luther

SRS National Net Lease Group

Contact

446 Listings
107758 Views
211 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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