2819 6th Ave, Tucson, AZ 85713

This exceptional investment opportunity presents a 5,352 square foot retail property under a triple-net (NNN) ground lease with Ace Cash Express in Tucson, Arizona. The lease, originally signed in 2002, has a remaining term of eight years, expiring December 31, 2032, with a five-year renewal option at fair market value. The property boasts a strong 5.75% cap rate and a net operating income (NOI) of $94,750, with annual rent bumps of 3%. The tenant, Ace Cash Express, occupies the entire space (100% occupancy) and is responsible for all property taxes, insurance, and maintenance. The building and improvements, constructed in 2002, revert to the landowner upon lease expiration, adding significant future value. The property is strategically located at 2819 S 6th Ave, Tucson, AZ 85713, on a signalized intersection with high traffic counts (nearly 30,000 cars daily on 6th Avenue and over 165,000 cars daily at the nearby I-10 freeway exit). The location benefits from proximity to a Food City Grocery anchored center, a densely populated residential area, and major employers like the Southern Arizona Veterans Hospital and the University of Arizona BioPark. The asking price is $1,647,000, representing a price per square foot of $307.74. The 22,140 square foot lot is subject to a ground lease, with the tenant holding the building and improvements. Ace Cash Express has sub-leases with Cricket Wireless and an insurance company, with no landlord responsibilities under those agreements. This presents a compelling investment with significant long-term potential.