7201 Oracle Rd Tucson, AZ 85704
- Retail space
- 3,435 SF
- 0.46 lot acres
Current Use by Public Records
- Mattress Firm Ina Oracle / Showroom / Mattress Store
Property Details for 7201 Oracle Rd
- Year built
- 2015
- Construction
- FRAME
- Lot size
- 0.46 lot acres
- Property size
- 3,435 SF
- Property type
- Retail space
- APN
- 225-51-2230
- APU
- 225512230
Description
This exceptional investment opportunity presents a freestanding, 3,500 square foot Mattress Firm retail building located at a high-traffic intersection in Tucson, Arizona. The property boasts a corporate-guaranteed absolute NNN lease with six years remaining on the primary term, offering significant stability and minimal landlord responsibilities. The tenant, Mattress Firm, a national retailer with approximately 2,400 stores, occupies the entire building at 100% occupancy. Built in 2015, this single-building property sits on a 0.4-acre lot and benefits from a prominent hard corner location at the intersection of Oracle and Ina Roads, experiencing nearly 94,000 vehicles per day. The surrounding area is affluent, with average household incomes exceeding $107,000 within a one-mile radius, and includes numerous national retailers such as Whole Foods, Safeway, Walgreens, Starbucks, and more. The lease includes rent bumps, increasing by 10% every five years, ensuring consistent income growth. The property's asking price is $2,940,000, representing a price per square foot of $880 and a 5.50% cap rate based on a net operating income (NOI) of $161,700. The property's APN is 225-51-2230. This is a rare opportunity to acquire a stable, high-performing retail investment with a strong tenant and excellent location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.978
- Latitude
- 32.3376
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
