1983 River Rd Tucson, AZ 85704
- Auto shops
- 1,396 SF
- 0.43 lot acres
Current Use by Public Records
- Auto shops
Property Details for 1983 River Rd
- Year built
- 2024
- Lot size
- 0.43 lot acres
- Property size
- 1,396 SF
- Property type
- Auto shops
Description
This exceptional investment opportunity presents a brand-new, 1,396 square foot auto shop in Tucson, Arizona. Located on a 0.43-acre lot at 1983 W River Road, this property boasts a prime location with high visibility on a road with approximately 56,370 vehicles per day. The property features nine parking spaces and is situated directly across from River Crossing Shopping Center, anchored by a Bashas' grocery store and pharmacy. Nearby amenities include Northwest Medical Center, Riverpark Plaza, and numerous national retailers. The single-tenant building, constructed in 2024, is 100% occupied by a Take 5 Oil Change franchisee under a 15-year absolute triple-net (NNN) lease with 10% rent increases every five years. The lease includes six, five-year renewal options. The current net operating income (NOI) is $169,691, yielding a 6.50% cap rate at the asking price of $2,611,000. The tenant is a high-growth operator with a strong track record and significant expansion plans. This is a low-maintenance, high-return investment in a thriving area with a dense population and robust economic activity. The property benefits from excellent access and visibility, proximity to major transportation arteries (I-10 and I-19), and a strong demographic profile. The area's population within a three-mile radius is approximately 71,600 residents. Tucson, the second-largest city in Arizona, offers a strong economy with a 2022 GDP of nearly $56 billion.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -111.00927809549
- Latitude
- 32.304999971628
