Tucson, AZ - Circle K

Description:

• Recently signed a brand new 15-year lease with 8 (5-year) options to extend
• Ground Lease is corporate signed by Circle K Stores Inc.
• Features 7.5% rental increases every 5 years through the initial term and at the beginning of each option, growing NOI and hedging against inflation

- Situated just down the road from Crossroads Festival
- Northwest of Circle Plaza, a 168,000 square foot shopping center anchored by HomeGoods, Michaels, Ross Dress for Less, and more
- Located in the center of a primary retail corridor with other nearby national/credit tenants including Lowe’s Home Improvement, Kohl’s, Safeway, Albertsons, and more, further increasing consumer traffic to the site
- Strong tenant synergy promotes crossover shopping to the subject property