3719 Campbell Ave Tucson, AZ 85719-1541

Property Details for 3719 Campbell Ave

Year built

1990

Construction

FRAME

Lot size

0.79 lot acres

Property size

7,092 SF

Property type

Office Properties & Spaces

APN

113-01-1190

APU

113011190

Description

This exceptional investment opportunity presents a single-tenant, 8,205-square-foot medical office building in Tucson, Arizona. The property boasts a Class B rating and is situated on a 0.79-acre lot. A new 10-year net lease (NNN) commenced May 1, 2024, and includes a 2.75% annual rent increase, providing a secure cash flow and inflation hedge. The building, constructed in 1990, has undergone renovations in 2009, 2017, and 2023, ensuring modern functionality. The tenant, Circle City ABA, a national provider of applied behavior analysis therapy, occupies the entire space at 100% occupancy. The property generates a strong net operating income (NOI) of $149,721, resulting in a 6.50% cap rate. The asking price is $2,303,000, translating to $280.68 per square foot. The property benefits from a prime location within a densely populated area, with strong surrounding residential, retail, and medical density. Within a 3-mile radius, it's near over 53,100 households and major retailers like Safeway, Dollar Tree, and Albertsons. Its proximity to Banner University Cancer Center and the University of Arizona further enhances its desirability. The surrounding area boasts a high average household income, exceeding $70,700 within a 1-mile radius and $70,200 within 3 miles. This presents a compelling investment opportunity with stable income and significant growth potential.