Retail Business for Lease in Phoenix, AZ

  • Price: $1.7M
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Phoenix, AZ 85035

Description

Circle K | Phoenix, AZ ABSOLUTE TRIPLE NET (NNN) GROUND LEASE Circle K is subject to an Absolute Triple Net (NNN) Ground Lease, resulting in zero landlord management responsibilities. The tenant is responsible for property taxes, insurance, and all repairs & maintenance at the property, including the roof & structure.

Market Context

This retail in Phoenix, AZ is listed for lease at $1,732,000. It has been on the market for 148 days. Compare it against other retail listings for lease in Phoenix, AZ — <a href="/search/lease/retail/arizona/phoenix">view the full market</a>.

As of Q1 2026, the Phoenix retail market showed a 4.8% vacancy rate, and average asking rents near $19.00/SF/yr. Source: Consensus Q1 2026 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Phoenix retail market tightening or softening?
Vacancy is around 4.8% (Q1 2026).

Unified Estimate

Medium Confidence

$0.76/SF/mo – $1.02/SF/mo

Mid: $0.89/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

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