Circle K — Sale in Tempe, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Tempe, AZ 85283

Investment Figures

Cap rate
5.20%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Circle K has become one of the most widely recognized convenience store brands, known worldwide for quality products and great customer service. Founded in 1951 in El Paso, Texas, the company is owned and operated by the Canada-based Alimentation Couche-Tard, the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of number of company-operated stores. Located just 10 minutes east of downtown Phoenix, Tempe exudes its own personality and the youthful spirit of a college town. Home to Arizona State University, the largest public university in the United States, Tempe has a vibrant downtown that’s active day and night. Investment Highlights: • Absolute Triple-Net (NNN) Lease with Corporate Circle K Guaranty • Multiple Renewal Options Remaining with 5 Percent Rent Increases in Each Option • Densely-Populated Tempe Trade Area - Approximately 622,000 Daytime Population within a Five-Mile Radius • Excellent Frontage Along West Baseline Road, a Significant East-West Arterial Road, Visible to Approximately 38,050 Cars per Day • Immediate Proximity to Arizona Grand Resort & Spa and Arizona Mills, the State's Largest Indoor Outlet Mall and Entertainment Destination • Surrounded by Single-Family Residences and Apartment Homes • Easy Freeway Access, One Mile Off the I-10 and US-60 Freeways

Market Context

This retail in Tempe, AZ is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Tempe, AZ — view the full market.

As of Q1 2026, the Phoenix retail market showed a 4.8% vacancy rate, and average asking rents near $19.00/SF/yr. Source: multiple brokerage reports, Q1 2026.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Phoenix retail market tightening or softening?
Vacancy is around 4.8% (Q1 2026).

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