12140 Dove Mtn Blvd, Marana, AZ 85658-4208
- Banks
- 4,719 SF
- 0.72 lot acres
Current Use by Public Records
- Wells Fargo Bank / Bank / Loan Service
- ATM (Wells Fargo Bank) / Atm
- Wells Fargo ATM / Atm
- Wells Fargo Advisors / Financial Advisor
Property Details for 12140 Dove Mtn Blvd
- Year built
- 2006
- Construction
- FRAME
- Lot size
- 0.72 lot acres
- Property type
- Banks
- APN
- 218-55-5680
- APU
- 218555680
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 16, 2015 | $2,118,000 | Pacific Wfb Az LLC | Dove Mountain Retail II Ll | Grant Deed | — |
| Nov 13, 2009 | — | Legacy Apartments Of Dove Mountai | Rita Land Corp | Grant Deed · related | — |
| Oct 30, 2009 | — | Rita Land Corp | Trust 7805-t | Grant Deed · related | — |
| Nov 1, 2005 | — | Dove Mountain Retail II LLC | Rita Land Corp | Quit Claim Deed · related | — |
| — | — | Dove Mountain Retail II LLC | — | Deed Of Trust · related | $1.8M · First Fidelity Bank NA |
Description
This exceptional investment opportunity presents a 4,692 square foot Wells Fargo Bank located at 12140 N Dove Mountain Blvd, Marana, AZ 85658. The property is situated on a 0.71-acre lot and features a 25-year absolute triple-net (NNN) ground lease with a remaining term of approximately 6.9 years, expiring October 31, 2031. The lease commenced November 1, 2006, and includes 10% rent increases every five years, with the next increase scheduled for November 1, 2026. This will boost the current 5.75% cap rate to 6.05% at the asking price of $1,944,000 ($414.32/sq ft). The property boasts a strong NOI of $111,804 and 100% occupancy. The building was constructed in 2006 and benefits from a dense trade area, with over 56,658 residents within a 5-mile radius in the Tucson MSA. Marana is experiencing rapid growth, with projected household and population increases exceeding 7% by 2028. High traffic counts exceeding 27,600 vehicles daily are observed at the nearby intersection of West Tangerine Road and North Dove Mountain Boulevard. The lease also includes three, five-year renewal options, providing long-term stability and significant upside potential. This is a compelling investment opportunity in a high-growth area with a creditworthy tenant and attractive financial metrics.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Marana
- County
- Pima
- State
- Arizona
- Longitude
- -111.08
- Latitude
- 32.4275
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
