Tucson Retail Property For
2820 W Los Reales Rd, Tucson, AZ
For Sale
Contact for pricing
Retail property in Tucson, Arizona, with a corporate-guaranteed tenant.
Property Size8,320 SF
Lot Size1.00 Acre
Price / SF$192.31
Days on Market986
Property Features for 2820 W Los Reales Rd
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Echo West Capital Advisors
(602) 628-6298
Listed By:
Sean Westfall · License AZ BR648402000
(602) 885-5375
Source:
Moodyscre
Added: Mar 4, 2024
Changed: Aug 9
Last Checked: Sep 24 at 6:26AM
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 Echo West Capital Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Corporate Guarantee: Investment Grade Tenant (S&P: BBB) Family Dollar, Inc.
- Recession & E‑Commerce Resistant Tenant: "Essential" Business.
- Located in an Exploding Home Development Sub‑Market: Surrounded by new residential construction.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,085
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,581,700
$1.6M
Cap Rate 7%
$1,129,786
$1.1M
Cap Rate 9%
$878,722
$878.7K
Market Conditions
NOI Build-Up for 8,320 SF
Gross rent
$119.8K $14.40/SF
− Vacancy
−$6.8K −$0.82/SF
EGI
$113.0K $13.58/SF
− OpEx
−$33.9K −$4.07/SF
NOI
$79.1K $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%
$1,581,700
Cap Rate 7%
$1,129,786
Cap Rate 9%
$878,722
Alternative Uses
Best Use
Retail
$1.13M
$988.6K – $1.32M
NOI $79,085 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,294 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
12,525 visits/mo
0.1 miles
Family Dollar
Shops & Services
8,506 visits/mo
0.1 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Tucson, AZ
Properties on Market for Storefront properties in Tucson
Vacancy Rate% for Retail in Tucson, AZ
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property in Tucson, Arizona, with a corporate-guaranteed tenant.
Where is this storefront property located?
The property is located at 2820 W Los Reales Rd Tucson, AZ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Corporate Guarantee: Investment Grade Tenant (S&P: BBB) Family Dollar, Inc.; Recession & E‑Commerce Resistant Tenant: "Essential" Business.; Located in an Exploding Home Development Sub‑Market: Surrounded by new residential construction.
