Sec Cor Of Grant Rd And Campbell Ave, Tucson, AZ 85719
- Retail properties & Spaces
- 2,400 SF
- 1.05 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Sec Cor Of Grant Rd And Campbell Ave
- Year built
- 2024
- Lot size
- 1.05 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee-simple interest in a newly constructed Starbucks located at the hard corner of Grant Road and Campbell Avenue in Tucson, Arizona. The 2,400 square foot building, constructed in 2024, features a drive-thru and sits on a 1.05-acre lot with 22 parking spaces. The property benefits from a strong location near the University of Arizona and University Medical Center, serving a dense population with high average household income. The current tenant, Starbucks Corporation, holds a 10.1-year lease (expiring June 30, 2034) with four 5-year renewal options, providing long-term stability. The lease includes 10% rent increases every five years, ensuring consistent NOI growth and inflation protection. The property boasts a 5.50% cap rate and a current NOI of $231,000, making it an attractive, low-management investment. The property is zoned C-1 Commercial and has excellent visibility and access from a major retail thoroughfare with over 90,000 vehicles passing daily. This NNN lease with a corporate guarantee minimizes landlord responsibilities, making it ideal for passive investors seeking a secure, high-return investment. The property's proximity to the University of Arizona and the University Medical Center, combined with the strong demographics of the 5-mile trade area, ensures long-term tenant viability and investment value. The asking price is $4,200,000.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.944
- Latitude
- 32.2502
