Property profile

3742 E River Rd Tucson, AZ 85718

FOR LEASE
Outlet malls
Property ID
US07-2298287
40,018 SF 2.27 ac lot Built 2014
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Marana Marketplace, a Class A retail strip center in Tucson, Arizona, presents a unique investment opportunity. This 77,000 square foot property, situated on 29 acres at 3742 E River Rd, 85718, offers multiple suites totaling two buildings, each with a single story. Currently, the entire 77,000 square feet is available for lease, with spaces divisible down to 5,000 square feet and contiguous space up to 45,000 square feet. Built in 2007, the center boasts ample parking with a ratio of 4.19 spaces per 1,000 square feet. The property is zoned C-1 & C-2, providing flexibility for a variety of retail uses. Its prime location along Interstate 10 at Orange Grove Road offers exceptional visibility and accessibility. The center is part of a larger power center development, with established national tenants including Sprouts, PetSmart, and others. This presents a chance to join a thriving retail environment in a high-growth area of Tucson. The property's size and configuration make it ideal for a variety of retail concepts, from smaller boutiques to larger anchor stores. The expansive lot size also allows for future expansion possibilities. This is a rare opportunity to acquire a significant retail presence in a desirable Tucson location.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2014
Construction FRAME
Total area 40,018 SF
Lot 2.27 ac (98,853 SF)
APN 101-23-516B
UPID US07-2298287

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Home Appliance Store Hardware & Home Improvement

Location

3742 E River Rd Tucson, AZ 85718
Tucson metro Census 4613 TUCSON, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.03M

Owner & transaction history

since 2018
3 recorded transactions
2020
Price N/A
2018
Price N/A
1969
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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