2820 W Los Reales Rd Tucson, AZ 85756

This retail property is located in Tucson, Arizona, within a sub-market experiencing rapid home development. The surrounding area includes new residential construction and master-planned communities. Specifically, Saguaro Haven by KB Homes, a new 39-acre community with 143 lots, is coming in Spring 2024, located 1.5 miles away. The Star Valley Master Planned Community, spanning 1,437 acres, currently houses 1,500 families and is planned for approximately 3,000. Homebuilders in this community include Lennar Homes, Meritage Homes, and Richmond American Homes. Lennar Homes and Meritage Homes have expanded by acquiring 272 finished lots (81 and 191 lots respectively) for their next phase of development, located 5 miles away. The property benefits from strong demographics, supported by over 106,000 residents within a 5-mile radius. It is also in proximity to Tucson International Airport (7 miles), Pima Community College - Desert Vista Campus (4 miles), and Casino Del Sol (4 miles). The property is supported by Tucson being Arizona's second most populous city with over 1 million people in the metropolitan area. The property is a built-to-suit location from 2013. The tenant, Family Dollar, recently exercised its 1st option, demonstrating their long-term commitment to the site. The offering features an NN lease structure with landlord responsibilities limited to roof, structure, and parking lot repairs in excess of $1,000. The property is approximately 8,320 square feet.