850 Irvington Rd Tucson, AZ 85714-0009

Property Details for 850 Irvington Rd

Year built

2022

Construction

FRAME

Lot size

0.59 lot acres

Property size

1,410 SF

Property type

Auto shops

APN

120-05-2810

APU

120052810

Description

This exceptional investment opportunity presents a brand-new, 1,438 square foot Take 5 Oil Change located in Tucson, Arizona. Built in 2023, this single-tenant property sits on a 0.59-acre lot and boasts 12 parking spaces. The property benefits from a 15-year absolute triple-net (NNN) lease with a highly creditworthy franchisee tenant, featuring 10% rent increases every five years. The current annual net operating income (NOI) is $145,554, resulting in a 6.00% cap rate based on the asking price of $2,426,000. The property enjoys exceptional visibility and accessibility, situated on Irvington Road (approximately 48,800 vehicles per day) and just one block from I-19 (approximately 89,850 vehicles per day). Its strategic location is across I-19 from Tucson Spectrum, a major outdoor mall, and The Landing, a new mixed-use development. The surrounding area demonstrates strong demographics, with approximately 105,500 residents within a 3-mile radius and an average household income exceeding $61,000. This location is also less than a mile from Pueblo High School, serving 1,639 students. The Take 5 Oil Change business model is highly resilient, offering a contactless, 10-minute oil change service. The tenant is part of a rapidly expanding national franchise, with plans to open 50+ locations by the end of 2024. This property offers a compelling combination of strong tenant performance, a long-term lease, and a prime location in a thriving market.

Location Insight

City

Tucson

County

Pima

State

Arizona

Longitude

-110.982

Latitude

32.1637

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments