MOON RIDGE
Property • Comm/Industry Sale
Web ID # 6963778
$2,200,000.00
0 Beds • 0 Baths
Property Features
Arizona Regional Multiple Listing Service (ARMLS)
Located at 6210 E Cave Creek Road in Cave Creek, AZ, this property offers a prime 0.41-acre lot with a total of 17,960 square feet of land. The property is comprised of a gas station / convenience store with 2,425 SF improvements built in 1998.Positioned in a highly sought after corridor, the property benefits from strong visibility and long term demand for fuel and retail services. Current base rent of $10,416.67 per month delivers an in place NOI of approximately $125,000 annually, which is at the low end of market ranges for similar petroleum operators. Circle K is currently in one of their option periods, expiring May 2030, and Circle K has five additional five year options to renew at 10% annual increases.
Head E on AZ-101 Loop E. Take exit 34 onto Scottsdale Rd and turn left. Continue straight onto N Tom Darlington Dr. Turn left onto E Cave Creek Rd. Destination will be on the right.
Dwelling Type: Comm/Industry Sale
Subdivision: MOON RIDGE
Year Built: 1998, County: N/A
Head E on AZ-101 Loop E. Take exit 34 onto Scottsdale Rd and turn left. Continue straight onto N Tom Darlington Dr. Turn left onto E Cave Creek Rd. Destination will be on the right.
Listing is courtesy of R.O.I. Properties
