and La Canada Nec Lambert Ln Oro Valley, AZ 85737
- Retail properties
- 3,000 SF
Current Use by Public Records
- Retail properties
Property Details for and La Canada Nec Lambert Ln
- Year built
- 16
- Property size
- 3,000 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional retail opportunity is located at the highly visible intersection of La Canada and Lambert Lane in Oro Valley, Arizona. The space, part of the Mercado at Canada Hills development, offers 6,479 square feet of net rentable area, with the potential to expand by an additional 3,000 square feet, totaling 17,000 square feet. Currently vacant, the space is ideally suited for a pharmacy or other retail use and is available for lease under a NNN lease agreement, commencing May 1, 2024, with an occupancy date of August 1, 2024. The property boasts a Class A designation and is situated within a thriving commercial area anchored by Fry's Food and its fueling station, ensuring high visibility and convenient access. This prime location benefits from significant traffic counts, with 34,426 vehicles passing daily (22,426 on La Canada and 12,000 on Lambert). The surrounding area demonstrates strong demographics, with a high household income and substantial population density within a 5-mile radius (7,867 within 1 mile, 40,620 within 3 miles, and 93,188 within 5 miles; average household incomes of $94,194 within 1 mile, $86,630 within 3 miles, and $79,636 within 5 miles). The property is part of a 5-building, single-story complex, built in 2016, offering easy access to shopping and all Oro Valley town amenities. This presents a rare opportunity to establish a business in a high-demand area with exceptional visibility and strong consumer demographics.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oro Valley
- County
- Pima
- State
- Arizona
- Longitude
- -110.996
- Latitude
- 32.3954
