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Property profile & analytics
FOR LEASE
Turn key restaurants

4676 E Grant Rd Tucson, AZ 85712

0.12 ac lot Built 1973
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US07-1248546
Property summary
AI-generated overview

This exceptional investment opportunity presents a 2,232 square foot, freestanding retail building located at 4676 E Grant Rd, Tucson, AZ 85712. The property boasts a prominent, high-traffic corner location on a busy intersection, with approximately 70,000 cars passing daily. The building is situated on a 19,378 square foot lot and features a dual-branded drive-thru concept, housing a Tropical Smoothie Cafe and Jeremiah's Italian Ice. A brand new ten-year lease is in place, with two five-year options to extend, offering significant long-term stability. The lease is an absolute NNN lease, meaning the tenant is responsible for all property expenses including taxes and insurance, minimizing landlord responsibilities. The property benefits from a strong NOI of $194,331, resulting in a 6.50% cap rate. The building was constructed in 1993 and has undergone recent renovations. The property is zoned C-1 by the City of Tucson and enjoys excellent visibility due to its location and a large digital monument sign. Surrounding the property are numerous major retailers, including Fry's Food and Drug, Starbucks, Chipotle, and more, further enhancing its desirability and potential for continued success. This investment offers a compelling combination of strong tenant occupancy, a prime location, and a favorable lease structure, making it an attractive addition to any portfolio. The property's APN is 122-01-006B

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1973
Lot 0.12 ac (5,134 SF)
APN 122-01-006B
UPID US07-1248546
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jeremiah's Italian Ice Grocery & Convenience Store Specialty Food Shop
  • Tropical Smoothie Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.92M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.80M
Owner & transaction history
Kje Steampump LLC · 2 yrs held
Kje Steampump LLC
since 2023
Last sale
$1.7M
2 recorded transactions
2023
$1.7M
2013
$610,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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