Freestanding Auto Parts Retail
16411 N Oracle Rd, Tucson, AZ 85739
For Sale
New
Contact for pricing
A corporate absolute NNN ground lease includes scheduled rent increases and multiple renewal options.
Property Size7,000 SF
Lot Size1.06 Acres
Price / SF$184.33
Days on Market4
Property Features for 16411 N Oracle Rd
General Information
Standard status
Size
Lot size
Property subtype
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Additional Details
Road Access
Building Details
Buildings
Tenancy
Listing Agency:
CP Partners
(415) 274-2700
Listed By:
Justin Stark · License #01856228
(415) 274-2706
Source:
Moodyscre
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 6:05PM
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 CP Partners
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Investment Insights
Based on property information with market context.
Newly constructed for AutoZone, this freestanding 7,000-square-foot auto parts store occupies a 1.06-acre site. AutoZone Parts, Inc. is the corporate tenant under an absolute NNN ground lease with a 20-year primary term. Rent increases of 8% are scheduled in years 11 and 16, followed by four 5-year renewal options, each with an 8% increase. AutoZone carries a BBB investment-grade credit rating.
The property fronts N Oracle Rd in Catalina, where the roadway was widened to six lanes with raised medians, left-turn lanes, and signal improvements. Corridor retailers include Tractor Supply, Dollar General, and O’Reilly Auto Parts. Bashas’ anchors Golder Ranch Plaza at Oracle Road and Golder Ranch Drive. No other AutoZone operates in Catalina; the nearest location is south in Oro Valley. Nearby employers include Oro Valley Hospital and Roche Tissue Diagnostics.
The property fronts N Oracle Rd in Catalina, where the roadway was widened to six lanes with raised medians, left-turn lanes, and signal improvements. Corridor retailers include Tractor Supply, Dollar General, and O’Reilly Auto Parts. Bashas’ anchors Golder Ranch Plaza at Oracle Road and Golder Ranch Drive. No other AutoZone operates in Catalina; the nearest location is south in Oro Valley. Nearby employers include Oro Valley Hospital and Roche Tissue Diagnostics.
Key Highlights
- Newly built, 7,000 SF AutoZone on a 1.06‑acre freestanding site
- AutoZone Parts, Inc. corporate absolute NNN ground lease with a 20‑year primary term
- 8% rent increases in years 11 and 16 of the primary term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,538
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,330,760
$1.3M
Cap Rate 7%
$950,543
$950.5K
Cap Rate 9%
$739,311
$739.3K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$100.8K $14.40/SF
− Vacancy
−$5.7K −$0.82/SF
EGI
$95.1K $13.58/SF
− OpEx
−$28.5K −$4.07/SF
NOI
$66.5K $9.51/SF
Area
Tucson, AZ
Vacancy
5.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,330,760
Cap Rate 7%
$950,543
Cap Rate 9%
$739,311
Alternative Uses
Best Use
Retail
$950.5K
$831.7K – $1.11M
NOI $66,538 @ 7.0% cap · market cap 5.16%
Second Best
Industrial
$724.7K
$634.1K – $845.4K
NOI $50,726 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,290 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
25k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 28%
Home Improvements & Furnishings 24%
Dollar General
Shops & Services
8,043 visits/mo
0.1 miles
Catalina Ace Hardware
Home Improvements & Furnishings
6,064 visits/mo
0.3 miles
Dairy Queen
Dining
3,930 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
3,243 visits/mo
0.1 miles
Arby's
Dining
3,204 visits/mo
0.1 miles
Demographics for 85739, AZ
18,878
Population
9,858
Households
1.9
Avg Household Size
66
Median Age
42%
College-Educated
95%
High-School Grad
255.7 sq mi
ZIP Area
74
Density / Sq Mi
$84,863
Median Household Income
$39,220
Median Earnings
$1,648
Median Rent
$394,000
Median Home Value
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Market
Average Price Trend$/SF for Automotive properties in Tucson, AZ
Properties on Market for Automotive properties in Tucson
Vacancy Rate% for Retail in Tucson, AZ
Frequently Asked Questions
What type of property is this?
Automotive property - A corporate absolute NNN ground lease includes scheduled rent increases and multiple renewal options.
Where is this automotive property located?
The property is located at 16411 N Oracle Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $1,290,323.
What are key features of this property?
This property features: Newly built, 7,000 SF AutoZone on a 1.06‑acre freestanding site; AutoZone Parts, Inc. corporate absolute NNN ground lease with a 20‑year primary term; 8% rent increases in years 11 and 16 of the primary term
