NNN Retail Shopping
680 West Prince Road Tucson, AZ 85705
680 West Prince Road, Tucson, AZ, 85705
Contact for pricing
For Sale
Contact for pricing
Fully occupied retail center with ample parking and NNN/modified gross lease structure.
Property Size23,335 SF
Lot Size1.89 Acres
Price / SF$188.56
Days on Market56
Property Features for 680 West Prince Road
General Information
- Standard status
- Active
- Size
- 23,335 SF
- Lot size
- 1.89 Acres
- Property subtype
- Retail, Industrial, Mixed Use
Building Details
- Year Built
- 1987
Listing agency
Global Fund Real Estate Group
Listed by
FELIPE DESOUZA · License #3260237
Source
Crexi
Added: May 28 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 1:58PM
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 Global Fund Real Estate Group
Investment Insights
Based on property information with market context.
Prince Rd Design Center is a retail shopping center offered for sale on approximately 1.89 acres. The property is currently 100% occupied, supported by a diversified tenant roster. Leases are structured as NNN and modified gross, and the rent framework includes long-term terms with rental rate increases. On-site parking is substantial, with a parking ratio of over 5 spaces per 1,000 rentable square feet.
The center is located at 680 West Prince Road in Tucson, AZ 85705. The property’s tenant mix is presented as having corporate guarantee support and resilience to e-commerce pressures, contributing to the overall stability described in the offering.
This asset is positioned for investors seeking a retail income stream anchored by fully leased space and NNN/modified gross contractual frameworks. For qualified buyers, it may also offer an operational consideration highlighted in the materials: the potential to convert all leases to NNN, subject to the terms of the existing agreements. With 23,335 rentable square feet under roof, the property provides a straightforward enclosed portfolio for retail-focused ownership.
The center is located at 680 West Prince Road in Tucson, AZ 85705. The property’s tenant mix is presented as having corporate guarantee support and resilience to e-commerce pressures, contributing to the overall stability described in the offering.
This asset is positioned for investors seeking a retail income stream anchored by fully leased space and NNN/modified gross contractual frameworks. For qualified buyers, it may also offer an operational consideration highlighted in the materials: the potential to convert all leases to NNN, subject to the terms of the existing agreements. With 23,335 rentable square feet under roof, the property provides a straightforward enclosed portfolio for retail-focused ownership.
Key Highlights
- Retail property built in 1987 on approx. 1.89 acres of land
- Currently 100% occupied with a well‑diversified tenant roster
- Abundant parking ratio of over 5 spaces per 1,000 rentable square feet
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $364.0k | $15.60 |
| − Vacancy | −$37.5k | −$1.61 |
| EGI | $326.5k | $13.99 |
| − OpEx | −$98.0k | −$4.20 |
| NOI | $228.6k | $9.80 |
23,335 SF · lease $15.60/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.27M
$2.86M – $3.81M
NOI $228,572 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.37M
$4.70M – $6.26M
NOI $375,876 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lendmark Financial Services ...
Loan Service
Jade Spa
Alternative Medicine Practice
Vogue Salon
Hair Salon
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FAQs
What type of property is this?
Shopping center - Fully occupied retail center with ample parking and NNN/modified gross lease structure.
Where is this shopping center located?
The property is located at 680 West Prince Road Tucson, AZ.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Retail property built in 1987 on approx. 1.89 acres of land; Currently 100% occupied with a well‑diversified tenant roster; Abundant parking ratio of over 5 spaces per 1,000 rentable square feet
