2819 6th Ave Tucson, AZ 85713

Property Details for 2819 6th Ave

Year built

2003

Construction

STEEL FRAME

Lot size

0.17 lot acres

Property type

Strip malls

Property subtype

Neighborhood centers

APN

119-02-107B

APU

11902107B

Description

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.

Location Insight

City

Tucson

County

Pima

State

Arizona

Longitude

-110.968

Latitude

32.1898

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments