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    5925 Broadway Blvd Tucson, AZ 85711

    For Sale
    $7,000,000

    High-profile NNN leased restaurant. Strong cap rate.

    Property size:
    30,086 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents the fee simple ownership of a Peter Piper Pizza restaurant in Tucson, Arizona. Located on a high-traffic section of Broadway Boulevard, directly across from Park Place Mall, this 30,086 square foot property boasts outstanding visibility and accessibility. The property sits on an 80,168 square foot lot and benefits from a strong corporate guarantee through a 10-year net lease (NNN) with seven years remaining and two five-year renewal options. The current NOI is $400,840, yielding a 5.70% cap rate. The C-1 zoning allows for a variety of uses. This prime location is surrounded by numerous restaurants, entertainment venues, and retailers, ensuring consistent traffic and high visibility. The property's prominent location and strong tenant history make it an attractive investment with significant potential for long-term growth and return. The property's APN is 127-13-051D. Currently, the occupancy rate is 70%. This is a rare opportunity to acquire a fee simple interest (land and building) in a highly desirable location with a strong performing tenant.

    Property Features for 5925 Broadway Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    30,086 SF

    HighLights

    • High‑visibility location directly across from Park Place Mall's main entrance.
    • Strong corporate lease guarantee in place.
    • Rare vacancy on high‑traffic Broadway Boulevard.
    • Includes prominent monument signage (Verizon sign rights available).
    • Excellent Broadway Boulevard frontage, visibility, and accessibility.
    • Exceptional high‑profile investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Peter Piper Pizza Pizza Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -110.8660023
    Latitude
    32.2225667

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    FAQs

    What type of property is this?
    Restaurant - High-profile NNN leased restaurant. Strong cap rate.
    Where is this restaurant located?
    The property is located at 5925 Broadway Blvd Tucson, AZ.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: High-visibility location directly across from Park Place Mall's main entrance.; Strong corporate lease guarantee in place.; Rare vacancy on high-traffic Broadway Boulevard.
    Request Owner's contact information
    5925 Broadway Blvd Tucson, AZ 85711
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5925 Broadway Blvd Tucson, AZ 85711
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