2820 W Los Reales Rd, Tucson, AZ 85746
- Retail space
- 8,320 SF
- 1.00 lot acres
Current Use by Public Records
- Family Dollar / Discount Store
Property Details for 2820 W Los Reales Rd
- Year built
- 2013
- Construction
- FRAME
- Lot size
- 1.00 lot acres
- Property type
- Retail space
- APN
- 138-25-609B
- APU
- 13825609B
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 21, 2015 | $1,527,500 | Joseph W Graham | 2820 W Los Reales LLC | Special Warranty Deed | $1.1M · Unison Bank |
| Aug 5, 2014 | $1,425,000 | 2820 W Los Reales LLC | Tombo51 LLC | Grant Deed | $998k · Commerce Bk/az |
Description
This exceptional investment opportunity presents a fee-simple, single-tenant net-leased Family Dollar store in Tucson, Arizona. The property, built in 2013, boasts 8,320 square feet on a one-acre lot and features a 15-year lease (originally commencing April 1, 2014, and expiring March 31, 2029), with 4.5 years remaining. The lease includes four, five-year options with a 10% rent increase in each. The current asking price is $1,820,500, representing a compelling cap rate of 6.90% and a price per square foot of $218.81. The property generates a strong net operating income (NOI) of $125,620 annually. The tenant, Family Dollar, a subsidiary of Dollar Tree, Inc. (a Fortune 500 company), provides a corporate guarantee, mitigating risk. The property benefits from its location in a rapidly growing residential submarket, with proximity to major transportation arteries, educational institutions (Pima Community College), and entertainment venues (Casino Del Sol). The tenant recently exercised a lease option, demonstrating long-term commitment to the location. Landlord responsibilities are limited to structural repairs exceeding $1,000, making this a low-maintenance, passive investment. The property's "essential business" nature and strong demographics further enhance its investment appeal. The property's address is 2820 W Los Reales Rd, Tucson, AZ 85746, APN 238-25-609B.
Value Estimations
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,345,000 Current use
- MEDICAL BUILDING
- $1,855,000 Change: +38% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $1,715,000 Change: +28% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -111.027
- Latitude
- 32.1199
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
