Commercial Real Estate Investment Offering: Circle K in Phoenix, AZ

Strategic Absolute NNN Asset Near Arizona State Capitol – Ideal 1031 Exchange Opportunity

Property Overview

• Address: 1834 W. Grant Street, Phoenix, AZ 85007

• Offering Price: $2,333,000

• Cap Rate: 6.00%

• Net Operating Income (NOI): $140,000

• Occupancy: 100% Leased

• Gross Leasable Area (GLA): ± 2,988 SF

• Land Area: ± 0.61 Acres

• Year Built: 1987

Executive Summary: Absolute NNN Circle K for Sale

SRS Real Estate Partners-West, LLC is pleased to present a premier retail investment opportunity to acquire the fee simple interest (land and building ownership) in a single-tenant, absolute NNN leased Circle K property located in the heart of Phoenix, Arizona. This passive income asset features over 7 years remaining on the primary lease term, backed by six (6) additional 5-year renewal options, underscoring the tenant’s long-term commitment to this highly productive location.

Designed for hands-off wealth preservation, the lease structure features 5% rental increases every 5 years throughout both the initial term and the first five option periods. These scheduled escalations provide an investor with a steadily growing NOI, offering a reliable hedge against inflation. Because this is a strict, absolute NNN lease, the landlord faces zero management responsibilities, making it a perfect match for passive investors seeking a stable corporate-backed yield or a seamless 1031 exchange replacement property.

Prime Phoenix Location & High-Traffic Infrastructure

Situated at 1834 W. Grant Street, this Circle K benefits from exceptional visibility and accessibility near the signalized, hard-corner intersection of US Highway 60 and W. Grant Street, a major logistical artery where combined traffic counts exceed an incredible 135,100 vehicles per day.

Key Regional Demand Drivers:

• Government Hub Proximity: The property is strategically positioned less than one mile from the Arizona State Capitol Building, anchoring it to a dense daytime employment hub.

• Major Entertainment & Event Venues: Located just 2 miles from the Arizona State Fairgrounds and the 15,000-seat Arizona Veterans Memorial Coliseum. Additionally, the asset is less than 2 miles from the Footprint Center, home of the NBA’s Phoenix Suns, drawing over 17,000 visitors per event.

• Synergistic Retail Corridor: The surrounding retail ecosystem features heavy hitters including McDonald’s, Chipotle, Whataburger, Jersey Mike’s, and Five Guys. This dense concentration of national credit tenants establishes a powerful consumer draw, driving consistent cross-traffic to the immediate immediate area.

Demographics & Market Profile

The asset is supported by exceptional, recession-resistant demographic metrics within a five-mile radius, ensuring a steady, built-in consumer base:

This balance of dense residential neighborhoods and a massive daytime workforce creates an ideal economic environment for a net-leased convenience store and fueling station, securing the long-term intrinsic value of the real estate.