Multi-Tenant Retail Strip
For Sale
Contact for pricing
5623-5627 E 22nd St, Tucson, AZ 85711
Retail strip center configured for three tenants with excellent visibility along 22nd Street and monument signage.
Property Size3,720 SF
Price / SF$120.70
Days on Market256
Property Features for 5623-5627 E 22nd St
General Information
Standard status
Active
Size
3,720 SF
Property subtype
RETAIL
Lease Type
NNN
Amenities
large monument signage
Building Details
Tenancy
Multi
Properties For Sale
at 5623-5627 E 22nd St
5627 E 22nd St
AVAILABLE, Now
Floor
1
Size
1,258 SF
Type
RETAIL
Lease Type
NNN
Sublease
No
Building configured for 3 tenants
Excellent visibility along 22nd Street
Large monument signage
High density central Tucson location
Owner/User or Investment Opportunity
Contact us
Listing Agency:
Volk Company Commercial Real Estate
(520) 326-3200
Listed By:
Andreas Castillo · License #SA669705000
(520) 981-3728
Source:
Moodyscre
Added: Feb 9
Changed: Oct 9
Last Checked: Oct 20 at 5:42PM
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 Volk Company Commercial Real Estate
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 strip center is configured for three tenants, offering a straightforward multi-tenant setup for an owner-user or an investment strategy. The building also benefits from large monument signage.
The property is located on E 22nd Street and is described as having excellent visibility. The offering is positioned in a high-density central Tucson location.
With its three-tenant configuration and prominent signage, the space is designed for retail uses that value roadside exposure.
The property is located on E 22nd Street and is described as having excellent visibility. The offering is positioned in a high-density central Tucson location.
With its three-tenant configuration and prominent signage, the space is designed for retail uses that value roadside exposure.
Key Highlights
- Retail strip center configured for 3 tenants
- Excellent visibility along 22nd Street
- Large monument signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,360
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,200
$707.2K
Cap Rate 7%
$505,143
$505.1K
Cap Rate 9%
$392,889
$392.9K
Market Conditions
NOI Build-Up for 3,720 SF
Gross rent
$53.6K $14.40/SF
− Vacancy
−$3.1K −$0.82/SF
EGI
$50.5K $13.58/SF
− OpEx
−$15.2K −$4.07/SF
NOI
$35.4K $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 Rate 5%
$707,200
Cap Rate 7%
$505,143
Cap Rate 9%
$392,889
Alternative Uses
Best Use
Retail
$505.1K
$442.0K – $589.3K
NOI $35,360 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$966.4K
$845.6K – $1.13M
NOI $67,646 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
147k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 28%
Groceries 26%
Home Improvements & Furnishings 11%
Walmart Neighborhood Market
Groceries
37,928 visits/mo
0.1 miles
Dollar Tree
Shops & Services
19,443 visits/mo
0.1 miles
Jack in the Box
Dining
16,374 visits/mo
0.0 miles
Harbor Freight Tools
Home Improvements & Furnishings
16,213 visits/mo
0.1 miles
Dunkin' Donuts
Dining
13,455 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
Frequently Asked Questions
What type of property is this?
Strip mall - Retail strip center configured for three tenants with excellent visibility along 22nd Street and monument signage.
Where is this strip mall located?
The property is located at 5623-5627 E 22nd St Tucson, AZ.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Retail strip center configured for 3 tenants; Excellent visibility along 22nd Street; Large monument signage
