TUCSON, Arizona – Situated directly off of Interstate-10 and 22nd Street in Tucson, the +/- 2,904 square foot Circle K building sold at a 7.6% cap rate, or for $2,150,000 ($740 PSF). The property has excellent street exposure, with immediate access to Interstate 10.
Situated in the South Tucson Retail submarket, the fully occupied Circle K is near several amenities, including the Tucson International Airport and downtown Tucson.
Nick Miner, CCIM of ORION Investment Real Estate exclusively represented the Seller, 655 West 22nd Street, LLC based out of California. Miner said, “There were multiple offers on this property even with it being an off-market transaction. This buyer was selected because of the shortened due diligence timeframes and a proven track record of closing on similar type properties.”
The Buyer in this off-market transaction was SGAS Holdings, LLC.