Property profile

2415 N Alvernon Way Tucson, AZ 85712

FOR SALE
Retail space
Property ID
US07-0018011
13,565 SF 1.53 ac lot Built 2003
Entity Owned 22-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple, single-tenant, net-leased daycare facility in Tucson, Arizona. The property, a 13,650 square foot Class A building constructed in 2003 and renovated in 2024, sits on a 1.62-acre lot (70,567 sq ft) at a high-traffic intersection of Alvernon Way and Grant Road, boasting daily traffic counts exceeding 75,000 vehicles. The property is 100% occupied by Children's Learning Adventure under a new 15-year lease (commencing at closing), featuring two 5-year renewal options. Rent is $439,633 annually, with rent bumps of the lesser of 8% or 300% CPI every five years. The property boasts a 6.49% cap rate and a $6,774,012 asking price ($496.26/sq ft). The land value is $95.94/sq ft. Nearby retailers include Walmart, Sprouts, Starbucks, Whole Foods, Trader Joe's, VASA Fitness, and Chase. This NNN lease minimizes landlord responsibilities, offering a stable, long-term, inflation-resistant income stream. The permitted zoning is C-1, Tucson. This is a turnkey investment ideal for those seeking a secure, high-return asset in a prime location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2003
Construction FRAME
Total area 13,565 SF
Lot 1.53 ac (66,558 SF)
APN 111-08-164D
UPID US07-0018011

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2415 N Alvernon Way Tucson, AZ 85712
Tucson metro Census 1801 TUCSON, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.99M
Comparable Approach Comparable
$2.00M
Blend (final) Blend
$250k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Industrial (general) $2.8M +38.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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