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12/09/25
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A CA-based farming family investment entity spent $8.43 mil in the ground-lease purchase of a single-tenant 7-Eleven property in Flagstaff, AZ in an all-cash deal.
The property, located at 1010 North Country Club Dr, 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.
CBRE’s Ben Farthing and Owen Littrell represented the buyer, Viking Properties VII LLC, and the seller, both private capital investors out of Tucson, in the transaction.
"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.”
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