18720 Nogales Hwy Green Valley, AZ 85614
- Retail properties
- 4,600 SF
- 0.55 lot acres
Current Use by Public Records
- Mattress Firm Sahuarita / Children'S Furniture Store / Showroom
Property Details for 18720 Nogales Hwy
- Lot size
- 0.55 lot acres
- Property size
- 4,600 SF
- Property type
- Retail properties
- 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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Green Valley
- County
- Pima
- State
- Arizona
- Longitude
- -110.981
- Latitude
- 31.9105
