4501 Speedway Blvd Tucson, AZ 85712

Property Details for 4501 Speedway Blvd

Year built

1947

Construction

FRAME

Lot size

0.45 lot acres

Property size

1,656 SF

Property type

Office Properties & Spaces

APN

122-12-015C

APU

12212015C

Description

This exceptional investment opportunity presents a brand-new, 1,490 square foot Take 5 Oil Change located at a high-visibility hard corner on Speedway Boulevard in Tucson, Arizona. Built in 2023, this single-tenant property boasts a 15-year absolute triple-net (NNN) lease with a prominent franchisee, guaranteeing zero landlord responsibilities. The lease includes a 10% rent increase every five years, ensuring consistent income growth. The property sits on a 0.45-acre lot with 8 parking spaces and benefits from a robust 91,800 vehicles per day traffic count on Speedway Boulevard. The tenant, a rapidly expanding operator with plans to reach 50+ locations by the end of 2024, provides a full-term lease guaranty. The property's strategic location is proximate to a Sprouts-anchored shopping center, numerous auto-related businesses, and major transportation arteries, including I-10 and I-19. The strong demographics, with over 178,400 residents within a 10-minute drive boasting an average household income exceeding $70,000, further enhance the investment's appeal. The current Net Operating Income (NOI) is $134,875, yielding a 6.00% cap rate at the asking price of $2,248,000. Six, five-year lease options are available. This is a turnkey investment with significant long-term growth potential in a thriving market.

Location Insight

City

Tucson

County

Pima

State

Arizona

Longitude

-110.897

Latitude

32.2366

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments