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Sinclair-Branded Absolute NNN Investment in Casa Grande, Arizona
Commercial Plus, LLC, is pleased to present the opportunity to acquire the fee-simple ownership of a Sinclair-branded gas station and convenience store located at 320 W. Florence Blvd. in Casa Grande, Arizona. The property is subject to a new 20-year absolute NNN lease generating $234,000 of annual base rent, with 10% contractual increases every five years.
The tenant bears all property-level obligations, while the purchaser receives long-term contractual income and retains the underlying land and improvements. The offering also may provide significant first-year depreciation benefits, subject to property and purchaser qualification.
OPPORTUNITY SNAPSHOT
| ◆ | Ownership: Fee-simple land and improvements |
| ◆ | Land Area: 0.55 acres; three contiguous parcels |
| ◆ | Lease Type: Absolute NNN |
| ◆ | Annual Base Rent: $234,000 ($19,500 per month) |
| ◆ | Lease Term: 20 years, expiring August 13, 2046 |
| ◆ | Stabilized Cap Rate: 5.75% |
| ◆ | Rent Increases: 10% every five years |
| ◆ | Renewal Options: Four additional five-year options |
Stabilized annual rent and cap rate exclude the initial three-month rent waiver. Renewal options are tenant-controlled and subject to the lease terms.
INVESTMENT HIGHLIGHTS
Potential 100% Bonus Depreciation
Qualifying retail motor-fuels property may receive 15-year treatment and potentially qualify for 100% first-year bonus depreciation, allowing contractual rental income and a substantial noncash deduction to coexist.
15 YEARS
Potential property-classification period
UP TO 100%
Potential first-year deduction of eligible basis
NONCASH
Potential tax benefit alongside contractual rent
Long-Term Absolute NNN Income
$234,000 of annual base rent with property-level obligations assigned to the tenant.
Multiple Layers of Protection
Corporate and personal guaranties, assignment liability, financial-reporting rights and environmental obligations.
Signalized Casa Grande Location
Three-route intersection supported by established retail, regional access and nearby housing growth.
Potential benefits depend on property qualification, supported basis allocation, applicable tax elections and the purchaser’s individual circumstances. Buyers should consult their own tax advisers.
CONTRACTUAL RENT GROWTH
Contractual 10% rent increases every five years grow annual base rent throughout the initial lease term without requiring additional owner capital.
YEARS 1–5
$234,000
Annual Base Rent
YEARS 6–10
$257,400
Annual Base Rent
YEARS 11–15
$283,140
Annual Base Rent
YEARS 16–20
$311,454
Annual Base Rent
+$77,454 Annual Rent Growth | +33.1% During the Initial Term
Four additional five-year renewal options provide for continued 10% increases, subject to tenant exercise and the lease terms.
Annualized base rent is shown before the initial three-month rent waiver.
PROPERTY DETAILS & IMPROVEMENTS
The purchase includes the convenience-store building, fuel canopy and associated improvements across the complete three-parcel site.
2,130 SF
C-Store Building
NEW ROOF
Completed in 2026
4 MPDs
Fuel Dispensers
35,000 GAL
Fuel Storage Capacity
FUEL UPGRADES
Recently Completed
NEW PAVING
Paved and Striped Site
OFFERING TERMS
$4,070,000
ASKING PRICE
Stabilized Cap Rate: 5.75%
Annual Base Rent: $234,000
NEXT STEPS
Qualified buyers may execute a confidentiality agreement to receive the complete offering package and supporting diligence materials, including:
| ◆ | Complete offering memorandum |
| ◆ | Lease and guaranty information |
| ◆ | Tenant and property diligence materials |
| ◆ | Environmental and site documentation |
| ◆ | Depreciation analysis and supporting assumptions |
Unapproved site visits and direct contact with the tenant, employees or management are strictly prohibited.
For more information, please contact:
Dylan Price | Commercial Plus, LLC Associate Email | [email protected] Direct | 623.249.8637 | Gurvir Saran | Commercial Plus, LLC Analyst Email | [email protected] Direct | 480.263.2620 |