Circle K - The Bridges - Tucson, AZ

JLL is pleased to present the exclusive opportunity to acquire the single-tenant Circle K located at The Bridges (“Property” or the “Asset”). Circle K is operating on an absolute NNN ground lease with ±12.0 years of primary lease term remaining, 5.0% rent increases every 5 years, nine, five-year renewal options and zero landlord responsibilities.

Circle K is the flagship brand of Canadian-based Alimentation Couche-Tard, one of the largest convenience retail operators in the world that boasts an investment grade, BBB+ credit rating from S&P. In the U.S., Circle K is the largest convenience store chain in the Southeast — one of the only regions where it outpaces 7-Eleven.

The Property is strategically located in Tucson, Arizona, the second largest city in the state. The location benefits from a dense, infill demographic, with a population of over 249,000 within a five-mile radius. Situated along Interstate 10, Circle K benefits from high traffic volume, with over 112,000 vehicles passing by each day.

The Property is part of a 350-acre master-planned development that includes a corporate office district anchored by GEICO’s regional headquarters, a creative office and educational district featuring JTED’s technical education campus, and Brioso, a Spanish-inspired residential community. The Property is also adjacent to the UA Tech Park and Tucson Marketplace, an 850,000-square-foot regional super center. Located along I-10, The Bridges benefits from direct accessibility and high traffic volume, exceeding 112,000 vehicles per day. Circle K benefits from being adjacent to Tucson Marketplace at the Bridges, a top shopping center in Arizona and the nation attracting 5.9 million visits annually.