7730 Cortaro Rd Tucson, AZ 85743-7009

Property Details for 7730 Cortaro Rd

Year built

2007

Construction

FRAME

Lot size

0.90 lot acres

Property size

7,764 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

226-30-002S

APU

22630002S

Description

This 7,758 square foot shopping center in Tucson, Arizona, presents a compelling investment opportunity. Priced at $1,920,000, it boasts a 6.80% cap rate and a strong net operating income (NOI) of $130,476. Currently 100% occupied with multiple tenants, all operating under absolute NNN leases, this property offers minimal management responsibilities. The tenants have demonstrated long-term commitment, with occupancy exceeding 10 years and several lease extensions in place. Situated in a densely populated area with over 15,000 homes within a 3-mile radius and 38,000 residents within the same area, the center benefits from excellent demographics, including an average household income of $130,000 and an annual consumer spend of $611 million. Its prime location adjacent to major retailers like Fry's Food and Drug, AutoZone, Walgreens, CVS, Ace Hardware, and Walmart ensures high visibility and consistent foot traffic. Furthermore, its proximity to I-10 (one mile) provides exposure to approximately 28,000 vehicles daily. One tenant, Domino's Pizza, shows exceptional performance, ranking in the 62nd percentile for Domino's locations in Arizona and receiving over 30,000 customer visits annually, according to Placer AI. Built in 2007, this property is located at 7730 N Cortaro Rd, Tucson, AZ 85743.