Neighborhood Retail Center with
For Sale
Contact for pricing
4282 N FIRST AVE, Tucson, AZ 85719
Rillito Crossing is a neighborhood retail center with remaining pad and small shop vacancy for lease-up.
Property Size97,374 SF
Price / SF$336.33
Days on Market174
Property Features for 4282 N FIRST AVE
General Information
Standard status
Active
Size
97,374 SF
Property subtype
Retail
Occupancy
95%
Lease Type
NNN
Investment Type
Institutional
Net Operating Income
$2,002,640
Site & Location
Neighborhood
Campus Farm
Building Details
Year Built
2008
Buildings
3
Stories
1
Units
16
Tenancy
Multi
Listing Agency:
ARROW REIS
Listed By:
Sanford Burstyn · License #BR012858000
Source:
Crexi
Added: May 8
Changed: Oct 26
Last Checked: Oct 28 at 8:46AM
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 ARROW REIS
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Rillito Crossing is a neighborhood retail center with remaining pad and small shop vacancy, offering an immediate opportunity for lease-up within an otherwise stabilized retail environment. The property also includes a vacant land pad opportunity with the ability to bifurcate, supporting the introduction of a new user into the established center ecosystem.
Located at 4282 N First Ave in Tucson, the center sits along a major north-south arterial that serves as a primary retail spine for surrounding neighborhoods. The corridor is anchored by daily-needs and service-oriented tenants, including grocery and other necessity-based uses, which is intended to support consistent, repeat customer demand.
With limited new retail supply in the surrounding area, Rillito Crossing is positioned to align with area demographics and spending patterns for long-term neighborhood retail performance.
Located at 4282 N First Ave in Tucson, the center sits along a major north-south arterial that serves as a primary retail spine for surrounding neighborhoods. The corridor is anchored by daily-needs and service-oriented tenants, including grocery and other necessity-based uses, which is intended to support consistent, repeat customer demand.
With limited new retail supply in the surrounding area, Rillito Crossing is positioned to align with area demographics and spending patterns for long-term neighborhood retail performance.
Key Highlights
- Neighborhood retail center with remaining pad and small shop vacancy for lease‑up
- Year built: 2008
- Vacant land pad opportunity with potential to add a tenant and potentially bifurcate the pad for added revenue streams
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$925,583
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,511,660
$18.5M
Cap Rate 7%
$13,222,614
$13.2M
Cap Rate 9%
$10,284,256
$10.3M
Market Conditions
NOI Build-Up for 97,374 SF
Gross rent
$1.40M $14.40/SF
− Vacancy
−$79.9K −$0.82/SF
EGI
$1.32M $13.58/SF
− OpEx
−$396.7K −$4.07/SF
NOI
$925.6K $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%
$18,511,660
Cap Rate 7%
$13,222,614
Cap Rate 9%
$10,284,256
Alternative Uses
Best Use
Retail
$13.22M
$11.57M – $15.43M
NOI $925,583 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$25.30M
$22.13M – $29.51M
NOI $1,770,680 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
362k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 26%
Dining 23%
Groceries 19%
Shops & Services 15%
Walmart
Superstores
95,072 visits/mo
0.4 miles
Fry's
Groceries
51,941 visits/mo
0.3 miles
Best Buy
Electronics
32,209 visits/mo
0.3 miles
Taco Bell
Dining
23,286 visits/mo
0.2 miles
Sprouts Farmers Market
Groceries
16,361 visits/mo
0.1 miles
Demographics for 85719, AZ
46,242
Population
21,707
Households
2.1
Avg Household Size
27
Median Age
46%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
5,780
Density / Sq Mi
$41,086
Median Household Income
$17,430
Median Earnings
$1,051
Median Rent
$266,900
Median Home Value
Market
Vacancy Rate% for Retail in Tucson, AZ
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Kroger - Fry's Food Stores, 4036 N 1st Ave, Tucson, AZ 85719
- Hollywood Salon — 4016 N 1st Ave #160, Tucson, AZ 85719
- Oracle Wetmore Shopping Center — 4380 N Oracle Rd, Tucson, AZ 85705
- Rillito Crossing Marketplace — 4206 N 1st Ave, Tucson, AZ 85719
- Tucson Place — 555 E Wetmore Rd, Tucson, AZ 85705
Frequently Asked Questions
What type of property is this?
Shopping center - Rillito Crossing is a neighborhood retail center with remaining pad and small shop vacancy for lease-up.
Where is this shopping center located?
The property is located at 4282 N FIRST AVE Tucson, AZ.
What is the asking price?
The asking price for this property is $32,750,000.
What are key features of this property?
This property features: Neighborhood retail center with remaining pad and small shop vacancy for lease‑up; Year built: 2008; Vacant land pad opportunity with potential to add a tenant and potentially bifurcate the pad for added revenue streams
