Property Details for 18720 Nogales Hwy

Lot size

0.55 lot acres

Property size

4,600 SF

Property type

Retail properties & Spaces

Property subtype

Drug stores

Description

This exceptional retail investment opportunity presents a 4,600 square foot, single-tenant building leased to Mattress Firm, located on a 0.55-acre lot at 18720 S Nogales Hwy, Green Valley, AZ 85614 (Tucson MSA). The property boasts a strong 11.1 years remaining on a Net Lease (NN+) agreement, commencing October 12, 2012, and expiring December 31, 2035. The lease includes 10% rent bumps every five years and one 5-year lease option. The asking price is $1,830,000, representing a price per square foot of $397.83 and a 6.75% cap rate, with a current Net Operating Income (NOI) of $123,510. The property benefits from its location in a Walmart Supercenter outparcel, surrounded by numerous national retailers including Carl's Jr., Bank of America, Sprouts, AT&T, and Big Lots, ensuring high visibility and traffic. The tenant, Mattress Firm, recently extended their lease, demonstrating a long-term commitment to the location. The property enjoys excellent access from S Nogales Hwy, serving a rapidly growing community with a population growth of approximately 2.2% annually within a 3-mile radius since 2010. This fee-simple ownership offers a secure and profitable investment with a strong tenant and favorable lease terms. The property is 100% occupied.

Location Insight

City

Green Valley

County

Pima

State

Arizona

Longitude

-110.981

Latitude

31.9105