3250 Cortaro Farms Rd Tucson, AZ 85742

This exceptional investment opportunity presents a 2,500 square foot Quik Mart gas station located at 3250 W Cortaro Farms Rd, Tucson, AZ 85742. The property boasts a strong Net Lease (NNN) structure with a corporate guarantee from Quik Mart Stores, Inc., a prominent Tucson-based convenience store operator. The current lease, commencing April 5th, 2023, has a remaining term of 18.4 years, extending to April 30th, 2043, with favorable 10% rent bumps every five years and multiple renewal options. The property features a 6.00% cap rate and a substantial net operating income (NOI) of $172,000, reflecting a price per square foot of $1,146.80. Built in 1982, this 0.42-acre site benefits from a highly visible location on W Cortaro Farms Rd, experiencing over 18,000 cars daily. The tenant is currently undertaking improvements, including a new parking lot. The property is situated in a densely populated area of Tucson, with over 348,014 residents within a ten-mile radius, and enjoys proximity to the Omni Tucson National Resort. This offering represents a secure, high-yield investment with significant long-term potential. The property is 100% occupied.