NNN Medical Office
For Sale
Contact for pricing
2990 S 6th Ave, Tucson, AZ 85713
Absolute NNN medical office with long-standing dental operating history and recent parking lot reseal, striping, and paint.
Property Size7,640 SF
Price / SF$276.83
Days on Market549
Property Features for 2990 S 6th Ave
General Information
Standard status
Active
Size
7,640 SF
Property subtype
RETAIL
Site & Location
Traffic Count
127,000 vehicles/day
Highway Access
Yes
Listing Agency:
Phoenix Commercial Advisors
(602) 735-5555
Listed By:
Danny Gardiner · License #SA641133000
(602) 385-1328
Source:
Moodyscre
Added: Apr 21, 2025
Changed: Oct 14
Last Checked: Oct 20 at 11:33PM
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 Phoenix Commercial Advisors
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Investment Insights
Based on property information with market context.
This absolute NNN medical office outparcel has a long dental operating history of 17.5 years at the property location. Recent capital work includes parking lot reseal and stripe, as well as exterior paint, supporting ongoing curb appeal and site maintenance.
The property is positioned as an outparcel to a grocery-anchored center with co-tenants including Wingstop, Little Caesars, T-Mobile, Rent-A-Center, Title Max, and Jackson Hewitt. It is also less than 1/2 mile from Interstate 10, with over 127,000 VPD, and less than 1/2 mile from the Tucson VA Medical Center (295 beds).
Additional surrounding demand drivers include retailers in the retail corridor such as Costco, Walmart, El Super, Planet Fitness, Curacao, Dave & Busters, and McDonald’s, plus proximity to the University of Arizona (about 3 miles with over 53,000 students and 5,200 staff). Benevis, the operator referenced in the remarks, supports offices across 13 states and Washington, D.C., serving over 600,000 patients during 1.4 million visits.
The property is positioned as an outparcel to a grocery-anchored center with co-tenants including Wingstop, Little Caesars, T-Mobile, Rent-A-Center, Title Max, and Jackson Hewitt. It is also less than 1/2 mile from Interstate 10, with over 127,000 VPD, and less than 1/2 mile from the Tucson VA Medical Center (295 beds).
Additional surrounding demand drivers include retailers in the retail corridor such as Costco, Walmart, El Super, Planet Fitness, Curacao, Dave & Busters, and McDonald’s, plus proximity to the University of Arizona (about 3 miles with over 53,000 students and 5,200 staff). Benevis, the operator referenced in the remarks, supports offices across 13 states and Washington, D.C., serving over 600,000 patients during 1.4 million visits.
Key Highlights
- Absolute NNN lease offering a hands‑off investment structure
- 17.5 years of long‑standing dental operating history at the location
- Recent capital work includes parking lot reseal and striping and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,064
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,881,280
$1.9M
Cap Rate 7%
$1,343,771
$1.3M
Cap Rate 9%
$1,045,156
$1.0M
Market Conditions
NOI Build-Up for 7,640 SF
Gross rent
$174.2K $22.80/SF
− Vacancy
−$17.4K −$2.28/SF
EGI
$156.8K $20.52/SF
− OpEx
−$62.7K −$8.21/SF
NOI
$94.1K $12.31/SF
Area
ZIP 85713
Vacancy
10.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,881,280
Cap Rate 7%
$1,343,771
Cap Rate 9%
$1,045,156
Alternative Uses
Best Use
Healthcare Medical
$1.34M
$1.18M – $1.57M
NOI $94,064 @ 7.0% cap · market cap 4.45%
Second Best
Office B
$1.29M
$1.13M – $1.50M
NOI $90,213 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $130,919 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
127,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,193
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85713, AZ
46,810
Population
19,056
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
79%
High-School Grad
23.8 sq mi
ZIP Area
1,967
Density / Sq Mi
$50,264
Median Household Income
$32,302
Median Earnings
$1,017
Median Rent
$171,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tucson, AZ
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Absolute NNN medical office with long-standing dental operating history and recent parking lot reseal, striping, and paint.
Where is this medical office space located?
The property is located at 2990 S 6th Ave Tucson, AZ.
What is the asking price?
The asking price for this property is $2,115,000.
What are key features of this property?
This property features: Absolute NNN lease offering a hands‑off investment structure; 17.5 years of long‑standing dental operating history at the location; Recent capital work includes parking lot reseal and striping and paint
