Quik Mart

7895 East Golf Links Road, Tucson, AZ 85730

$2,417,000

Cap Rate 6.00%

Views: 22 DOM: 53 Updated: 04.22.24 Posted: 03.25.24 Status: Active

Summary

Price $2,417,000	Built/Renov 1989	Tenant Quik Mart
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 2,200	Lease Start 04-05-2023	#Units 17
Price/SF $1,098.64	Expiration 04-30-2043	Tenant Type Convenience/Gas
NOI $145,000	R. Term 18.11	Ownership Fee Simple
Rent/SF $65.91	Increases 10.0%/4/yrs	Pop 5Mi 192,990
Lot/AC 0.71	Options 4/5yrs/10%	AHHI 5Mi $71,689

Lease Highlights

Quik Mart recently executed a new 20-year lease with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years
Tenant in process of making additional capital improvements to site (New parking lot)
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Quik Mart is strategically located at the signalized, hard corner intersection of E Golf Links Road and S Pantano Road, with access to a combined daily traffic count of 47,000 vehicles. The property's advantageous location places it within 3 miles from Pima Community College and Lincoln Regional Park. The immediate trade area is surrounded by well-known national tenants, including CVS, Sonic,...

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Key Features

Signalized intersection
Recent renovation
Hard corner intersection
Strategically located
Dense 100M+ pop 5 mi
Top 100 MSA
Brand new lease
Long 15+ yr lease
Accelerated depreciation
Corporate Guarantee

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Links

Quik Mart Wikipedia Tucson, Arizona Zip Code 85730 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Quik Mart
Guarantor:Corporate
Company:LPT Retail Management Services
# Units:17
Stock:Private

About Tenant

Quik Mart Stores, Inc. is a chain of convenience stores which have become known as the local choice in the Tucson convenience store marketplace. The company is the largest independent convenience...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	15,744	104,921	195,231
2023 Total Population :	16,017	106,618	197,183
2023 Employed Civilian Pop :	7,442	49,075	90,955
2023 Total Businesses :	277	2,208	6,208
2023 Average Household Income :	$ 72,235	$ 72,819	$ 80,148
2023 Total Consumer Spending :	$ 421 M	$ 2904 M	$ 6087 M
2023 Median Age :	41	40	41
2023 Total Households :	6,707	45,945	87,520
2023 Pop Age 25+: Bachelor's Degree :	1,627	13,400	28,919
2023 Average Home Value :	$ 233,003	$ 248,672	$ 286,656

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
S Pantano Rd	E Golf Links Rd	2005	11,358	0.03 mi
E Golf Links Rd	S Pantano Rd	2005	35,162	0.05 mi
S Pantano Rd	Rhiannon Dr	2005	14,638	0.08 mi
E Golf Links Rd	S Pantano Rd	2005	33,497	0.11 mi
E Golf Links Rd	S Marc Dr	2010	40,000	0.23 mi
S Pantano Rd	E Lurlene Dr	2010	14,000	0.29 mi
East Golf Links Road	E Lakeside Pw	2018	28,034	0.34 mi
S Pantano Rd	E Josten Way	2016	11,584	0.37 mi
E Golf Links Rd	Saddleback Ave	2014	31,250	0.39 mi
E Golf Links Rd	S Prudence Rd	2004	37,834	0.41 mi

Listing Broker

Chris Lind

Marcus & Millichap: NLAG

Contact

162 Listings
6489 Views
73 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

163 Listings
6557 Views
74 Sold

Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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