8530 Speedway Blvd Tucson, AZ 85710-1716

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.