Glidepath LLC Acquires Convenience Store And Gas Station For $2.57M From DRA852AZ LLC
2649 West Indian School Road
$2,570,000
$873/SF
Building Size
2,943 SF
Asset Type
Retail
Closing
Nov 10, 2026
About this deal
AI
A 2,943-square-foot convenience store and gas station located at 2649 West Indian School Road in Phoenix, AZ, was sold for $2,570,000. The property is situated on a 0.88-acre lot and operates under an absolute NNN lease with Sinclair Gas Station.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,570,000
- Address: 2649 West Indian School Road
- Market: Phoenix, AZ
- Buyer: Glidepath LLC
- Seller: DRA852AZ LLC
- Brokers: Chris Hollenbeck & Shane Carter - Cushman & Wakefield
- Price per Square Foot: $873
- Lot Size: 0.88 acres
Chris Hollenbeck and Shane Carter, representing the seller DRA852AZ LLC, facilitated the transaction. Glidepath LLC was the acquiring party in this property sale, successfully completing the deal on November 10, 2026.
On the Map
$2,570,000
$873/SF
Retail
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Players
Phoenix Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.17%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93