2601 S Houghton Rd Tucson, AZ 85730
Property profile & analytics
2601 S Houghton Rd Tucson, AZ 85730
- Drug stores
- 14,375 SF
- 1.85 lot acres
Property ID
US07-1399546
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- MinuteClinic at CVS / Medical Clinic
- Julie Bailey / Physician
- Linda Milositz / Physician
- UPS Access Point location / Courier Service / Postal Service
- LibertyX Bitcoin ATM / Atm
Property Details for 2601 S Houghton Rd
- Year built
- 2004
- Construction
- FRAME
- Lot size
- 1.85 lot acres
- Property size
- 14,375 SF
- Property type
- Drug stores
- APN
- 136-10-0940
- APU
- 136100940
Description
This exceptional investment opportunity presents a fee-simple ownership of a 14,375-square-foot CVS Pharmacy located at 2601 S Houghton Rd, Tucson, AZ 85730. The property sits on a 1.85-acre lot and boasts a 7.00% cap rate with a strong NOI of $440,078. The absolute NNN lease with CVS Pharmacy has a remaining term of seven years, expiring January 31, 2031, and includes two five-year renewal options at a fixed monthly rate of $32,313.98. This translates to an annual rent of $387,767.76 during the renewal periods, extending the lease to January 31, 2041. Following this, eight additional five-year renewal options are available at market rent, extending the potential lease term to 2081. The property is strategically located near major retailers including Walmart, Target, Kohl's, and Home Depot, benefiting from high traffic counts on E Golf Links Rd (27,799 CPD) and S Houghton Rd (21,043 CPD). Furthermore, its proximity to the University of Arizona and two major hospitals enhances its desirability and long-term stability. Built in 2005, this single-story building is zoned C and represents a top-performing CVS location, ranking within the top 88% of CVS units in Arizona and the top 83% nationally. This is a rare opportunity to acquire a high-performing, long-term net lease investment with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,275,000
- 6.5%
- $2,100,000
- 7%
- $1,950,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,226,000
Market price range: $628k - $2.23M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,320,000 Current use
- MEDICAL BUILDING
- $3,210,000 Change: +38% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $2,965,000 Change: +28% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.772
- Latitude
- 32.1912
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$55,529
$174,115
$340,694
$514,809
-
$967,308
$1,892,746
$2,860,054
