Current Use by Public Records
- Retail properties & Spaces
Property Details for 6295 22Nd St
- Year built
- 2020
- Lot size
- 0.48 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a freestanding Black Rock Coffee Bar located in Tucson, Arizona. The property boasts a 15-year absolute NNN lease with three 5-year renewal options, commencing November 9, 2024, and expiring November 30, 2039. The 828 square foot building sits on a 0.482-acre lot and was constructed in 2020. The lease includes a 10% rent increase every five years, providing consistent income growth. The property enjoys a prime location at a signalized intersection with high visibility and traffic volume (72,000+ vehicles per day), surrounded by national tenants such as Walmart, Wendy's, and Taco Bell. Its proximity to Davis-Monthan Air Force Base further enhances its appeal, serving a substantial population of airmen and civilian personnel. The property's strong tenant, Black Rock Coffee Bar, is a rapidly expanding company, providing a corporate guarantee and significant growth potential. The current Net Operating Income (NOI) is $155,000, yielding a 5.35% cap rate, with an asking price of $2,898,000. This represents a compelling investment opportunity with strong tenant credit, long-term lease stability, and significant upside potential in a thriving market. The property's 100% occupancy and excellent location make it an attractive addition to any portfolio.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.858
- Latitude
- 32.2071
