Retail Strip Center with High
1290 West Prince Road Tucson, AZ 85705
For Sale
Contact for pricing
Retail strip center near I-10 with Prince Road frontage and frontage at an intersection.
Property Size77,179 SF
Price / SF$117.91
Days on Market79
Property Features for 1290 West Prince Road
General Information
- Standard status
- Active
- Size
- 77,179 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1966
Listing Agency:
Newmark
(480) 241-5146
Listed By:
Jesse Goldsmith · License #AZ SA586241000
Source:
Crexi
Added: May 7
Changed: Jul 22
Last Checked: Jul 22 at 12:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark
Investment Insights
Based on property information with market context.
Flowing Wells Plaza is a 77,179-square-foot retail strip center in Tucson, presented for sale by Newmark Capital Markets as exclusive advisor. The property is 85% occupied and includes frontage along Prince Road.
The center is situated on the northeast corner of Prince Rd and Flowing Wells Rd. Traffic counts near 58,000 VPD are reported at the intersection, and the property is located about one mile east of the I-10 freeway. It is across the street from Flowing Wells High School and is surrounded by residential neighborhoods.
The offering provides a well-located retail configuration with meaningful intersection exposure on Prince Road.
The center is situated on the northeast corner of Prince Rd and Flowing Wells Rd. Traffic counts near 58,000 VPD are reported at the intersection, and the property is located about one mile east of the I-10 freeway. It is across the street from Flowing Wells High School and is surrounded by residential neighborhoods.
The offering provides a well-located retail configuration with meaningful intersection exposure on Prince Road.
Key Highlights
- 77,179 SF retail strip center in Tucson, AZ
- 85% occupied retail strip center
- Northeast corner location at Prince Rd and Flowing Wells Rd
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.20M | $15.60 |
| − Vacancy | −$124.0k | −$1.61 |
| EGI | $1.08M | $13.99 |
| − OpEx | −$324.0k | −$4.20 |
| NOI | $756.0k | $9.80 |
77,179 SF · lease $15.60/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$10.80M
$9.45M – $12.60M
NOI $755,987 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.76M
$15.54M – $20.72M
NOI $1,243,187 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
FAQs
What type of property is this?
Strip mall - Retail strip center near I-10 with Prince Road frontage and frontage at an intersection.
Where is this strip mall located?
The property is located at 1290 West Prince Road Tucson, AZ.
What is the asking price?
The asking price for this property is $9,100,000.
What are key features of this property?
This property features: 77,179 SF retail strip center in Tucson, AZ; 85% occupied retail strip center; Northeast corner location at Prince Rd and Flowing Wells Rd
