Saguaro Automotive NNN
For Sale
Contact for pricing
2415 S Craycroft Rd, Tucson, AZ 85711
Sale-leaseback offering with a new 10-year absolute NNN lease beginning at closing.
Property Size7,297 SF
Price / SF$178.16
Days on Market10
Property Features for 2415 S Craycroft Rd
General Information
Standard status
Active
Size
7,297 SF
Property subtype
Retail
Zoning
C-2
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$103,992
Building Details
Year Built
1983
Units
1
Tenancy
Single
Listing Agency:
Retail Investment Group LLC
Listed By:
John Toben · License #AZ SA653272000
Source:
Crexi
Added: Aug 19
Changed: Aug 28
Last Checked: Aug 28 at 12:17AM
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 Retail Investment Group LLC
Investment Insights
Based on property information with market context.
Saguaro Automotive is a 7297-square-foot NNN property at 2415 S Craycroft Rd in Tucson, Arizona. The asset was built in 1983 and carries C-2 zoning.
The transaction is structured as a sale-leaseback with a new 10-year absolute NNN lease scheduled to begin at close of escrow. The property is situated in Tucson, a city with an estimated population exceeding 500,000 as of 2025.
The transaction is structured as a sale-leaseback with a new 10-year absolute NNN lease scheduled to begin at close of escrow. The property is situated in Tucson, a city with an estimated population exceeding 500,000 as of 2025.
Key Highlights
- New 10‑year absolute NNN lease commencing at close of escrow
- Sale‑leaseback structure
- 7297 SF property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,361
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,387,220
$1.4M
Cap Rate 7%
$990,871
$990.9K
Cap Rate 9%
$770,678
$770.7K
Market Conditions
NOI Build-Up for 7,297 SF
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.
Gross rent
$105.1K $14.40/SF
− Vacancy
−$6.0K −$0.82/SF
EGI
$99.1K $13.58/SF
− OpEx
−$29.7K −$4.07/SF
NOI
$69.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,387,220
Cap Rate 7%
$990,871
Cap Rate 9%
$770,678
Alternative Uses
Best Use
Retail
$990.9K
$867.0K – $1.16M
NOI $69,361 @ 7.0% cap · market cap 5.34%
Second Best
Industrial
$755.4K
$661.0K – $881.3K
NOI $52,878 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,691 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 41%
Electronics 1%
Hotels & Casinos 1%
QuikTrip
Shops & Services
25,095 visits/mo
0.4 miles
McDonald's
Dining
24,557 visits/mo
0.1 miles
Circle K
Shops & Services
11,289 visits/mo
0.3 miles
Domino's Pizza
Dining
2,000 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
883 visits/mo
0.3 miles
Demographics for 85711, AZ
41,518
Population
19,774
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,828
Density / Sq Mi
$52,358
Median Household Income
$35,130
Median Earnings
$1,001
Median Rent
$248,600
Median Home Value
Market
Vacancy Rate% for Retail in Tucson, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Sale-leaseback offering with a new 10-year absolute NNN lease beginning at closing.
Where is this nnn property located?
The property is located at 2415 S Craycroft Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: New 10‑year absolute NNN lease commencing at close of escrow; Sale‑leaseback structure; 7297 SF property
