|
|
12/24/25
|
A single-tenant, 7-Eleven/car wash property in Flagstaff, AZ traded hands in a recent, $8.43 mil ground lease sale. The property, sitting on a little over one acre at 1010 North Country Club Drive, contains a 3.7k sf store and a 1k sf car wash.
The property features an absolute triple-net lease with 12 years remaining. Situated just south of Interstate 40, the site includes 12 fueling stations and a car wash, drawing consistent traffic from both residents and interstate travelers.
Viking Properties VII LLC, a California-based farming family, acquired the property in an all-cash transaction. CBRE’s Ben Farthing and Owen Littrell represented both parties, two private capital investors based in Tucson, in the deal.
"This was an exceptional sale, driven by robust demand for high-quality, net-lease retail assets in prime locations," said Farthing, senior vice president at CBRE. "The 4.80% cap rate is particularly noteworthy, representing the lowest cap rate for a 7-Eleven to trade in Arizona this year. This outcome reflects the strength of CBRE’s national platform, our team’s strategic marketing approach, and the property’s compelling fundamentals.”
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
