Circle K (Tucson)

Highlights

• Long-Term Occupancy by National Tenant (Circle K)
• Continuous operation since 1973, demonstrating strong site viability and tenant commitment
• Established Convenience Store & Fueling Location
• ±2,480 SF building situated on ±0.34 acres with functional layout and strong accessibility
• Recent Tenant Renovations
• Property has undergone recent upgrades, signaling continued investment and long-term commitment to the location
• Strategic South Tucson Location
• Positioned along S Palo Verde Rd near Benson Hwy with direct access to north/south traffic
• Stable & Proven Sales Performance
• Store generated approximately $3.24M in total sales (2025) with consistent historical trends
• Attractive In-Place Income Structure
• Combination of base rent and percentage rent provides income stability with upside potential
• Insulated Trade Area
• Limited nearby Circle K competition south of I-10 reduces risk of sales cannibalization
• Near-Term Lease Expiration = Value-Add Opportunity
• Opportunity to renegotiate lease terms or restructure rent to enhance returns
• Strong Investor Appeal
• Lower price point (~$1.2M range) attracts a wide pool of private and 1031 exchange buyers
• Commercial Zoning / No Flood Zone
• Zoned for commercial use and located in Flood Zone X (minimal flood risk)

Description

The subject property is a ±2,480 square foot gas station and convenience store situated on ±0.34 acres at 5818 S Palo Verde Road in Tucson, Arizona. Strategically positioned just south of the Benson Highway and Palo Verde Road intersection, the site benefits from direct access to north and southbound traffic along Palo Verde Road, a well-traveled corridor serving the South Tucson trade area.

Constructed in 1986 and zoned for commercial use, the property is located outside of a designated flood zone and offers a functional mid-block layout designed for efficient ingress and egress. The asset has historically operated as a convenience store with fueling capabilities and remains a well-established retail location within the surrounding community.

Mid-block lot just south of the Benson Hwy & Palo Verde Rd intersection, with direct north/south access on Palo Verde Rd in South Tucson.