Property Details for 1987 River Rd

Year built

2024

Lot size

0.86 lot acres

Property size

2,400 SF

Property type

Retail properties & Spaces

Description

This exceptional investment opportunity presents a brand-new, 2024-built Filiberto's Mexican Food restaurant in Tucson, Arizona. The property boasts a 20-year absolute NNN lease with a strong franchisee tenant, offering a passive income stream with minimal landlord responsibilities. The lease includes 10% rent bumps every five years, ensuring consistent growth in rental income. Situated on a nearly one-acre lot (0.86 acres) with excellent street frontage on West River Road, a high-traffic arterial, the 2,400 square foot building benefits from its location near Northwest Medical Center, a major hospital, and the I-10 Freeway. The property's strong location within a densely populated area (over 180,000 people within a 5-mile radius and 56,000+ vehicles per day on River Road) contributes to its high-performing potential. Filiberto's, a rapidly expanding QSR brand with over 150 locations, enjoys strong brand recognition in Arizona, further enhancing the investment's stability. The lease is personally guaranteed by a founding member, providing additional security. This fee-simple ownership offers a 5.65% cap rate with a current NOI of $157,577 and an asking price of $2,788,973 ($1,162.07 per square foot). The lease includes two, five-year renewal options, extending the investment's long-term value. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a thriving Tucson submarket.

Location Insight

City

Tucson

County

Pima

State

Arizona

Longitude

-111.009

Latitude

32.3049