8530 Speedway Blvd, Tucson, AZ 85710-1716
- Gas stations
- 1,803 SF
- 0.51 lot acres
Current Use by Public Records
- Chevron / Grocery & Convenience Store
- Bitcoin Depot | Bitcoin ATM / Atm
- Bitcoin Depot - Bitcoin ATM / Atm / Crypto Atm
Property Details for 8530 Speedway Blvd
- Year built
- 1989
- Construction
- STEEL FRAME
- Lot size
- 0.51 lot acres
- Property type
- Gas stations
- APN
- 133-25-1840
- APU
- 133251840
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 24, 2025 | $2,100,000 | 8530 Speedway LLC | Konik LLC | Special Warranty Deed | $1.2M · Desert Financial Cu |
| Dec 27, 2023 | $2,095,000 | Konik LLC | 8530spdwy LLC | Special Warranty Deed | $1.1M · Desert Financial Cu |
| Jul 31, 2023 | $1,100,000 | 8530spdwy LLC | Shiv Retail LLC | Special Warranty Deed | — |
| Aug 12, 2022 | $715,000 | Shiv Retail LLC | Hurry Up Fuel LLC | Warranty Deed | — |
| Dec 2, 2019 | $425,000 | Hurry Up Fuel LLC | Bitu LLC | Grant Deed | — |
| Dec 31, 2012 | $141,500 | Bitu LLC | Rana,muhammad S | Warranty Deed | — |
| Apr 26, 2004 | $300,000 | Muhammad S Rana | Volpe,tr | Grant Deed | $259k · Bank Of America |
| Apr 14, 2003 | — | Steven R Mccown | Mccown,tr | Quit Claim Deed · related | $70k · Washington Mutual Fsb |
Description
This exceptional investment opportunity presents the fee simple interest in a 1,804 square foot Chevron gas station and convenience store in Tucson, Arizona. Located at 8530 E Speedway Blvd, this single-tenant property boasts a 20.1-year absolute NNN lease with a remaining term of 18.8 years, commencing August 1, 2023, and expiring August 31, 2043. The lease includes two 5-year renewal options and features a 10% rent increase every five years, providing excellent protection against inflation. Built in 1989 and significantly renovated in 2020, the property includes four gas pumps and a well-maintained convenience store. The property sits on a 22,366 square foot lot and enjoys 100% occupancy. The current Net Operating Income (NOI) is $132,000, resulting in a 6.00% cap rate and a price per square foot of $1,219.51. The asking price is $2,200,000. This property benefits from its strategic location near major retailers such as Walmart, Sprouts, Lowe's, Fry's, and Safeway, within a densely populated area of Tucson, Arizona, the second-largest city in the state. The tenant is backed by a strong guarantor with a net worth exceeding $19.25 million. This is a truly passive investment opportunity with minimal landlord responsibilities, making it ideal for investors seeking a hands-off, high-return investment. The property's Class B designation and strong tenant history further enhance its appeal.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,300,000
- ML approach
- $2,260,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.81
- Latitude
- 32.235
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
