Description
Offered at $4,340,000, this 14,375 SF CVS Pharmacy in Tucson, AZ, presents a stabilized, single-tenant retail investment opportunity with a 7.25% cap rate and in-place NOI of $315,000. Built in 2003 and situated on a 2.09-acre parcel, the property features strong fundamentals, including 100% occupancy, excellent frontage of 200 feet, and signage rights.
The site benefits from substantial visibility with a traffic count of 31,654 vehicles per day. Located at 7740 North Cortaro Road in a high-demand retail corridor, the property is well-positioned within the Tucson market. The tenant,...
Documents
Offering Summary
- Asking Price$4,340,000
- Price PSF$302
- Price/Acre$2,076,555
- Property TypeRetail
- Size14,375 SF
- Occupancy100%
- Built2003
- Parking73
- Total Acres~2.09 ac
Sale Details
- Walt13 Years
- Cap Rate7.25%
- NOI$315,000
- In-Place Cap Rate7.25%
- In-Place NOI$315,000
- In-Place Rents26,250
Documents
Property Address
Property Details
- Property TypeRetail
- Occupancy100%
- Year Built2003
- Parking Ratio5.08
- Total Parking73
- Lease TypeAbsolute Net... Absolute Net, NNN
- ZoningC, Marana
- APN226-30-002R
- Ownership InterestFee Simple
- Frontage (ft)200 ft
- Traffic Count31,654 AADT
- Signage RightsBuilding-Mounted... Building-Mounted, Monument
- Acres2.09
Property Details
Deal Team
Description
Offered at $4,340,000, this 14,375 SF CVS Pharmacy in Tucson, AZ, presents a stabilized, single-tenant retail investment opportunity with a 7.25% cap rate and in-place NOI of $315,000. Built in 2003 and situated on a 2.09-acre parcel, the property features strong fundamentals, including 100% occupancy, excellent frontage of 200 feet, and signage rights.
The site benefits from substantial visibility with a traffic count of 31,654 vehicles per day. Located at 7740 North Cortaro Road in a high-demand retail corridor, the property is well-positioned within the Tucson market. The tenant,...
Documents
Offering Summary
- Asking Price$4,340,000
- Price PSF$302
- Price/Acre$2,076,555
- Property TypeRetail
- Size14,375 SF
- Occupancy100%
- Built2003
- Parking73
- Total Acres~2.09 ac
Sale Details
- Walt13 Years
- Cap Rate7.25%
- NOI$315,000
- In-Place Cap Rate7.25%
- In-Place NOI$315,000
- In-Place Rents26,250
Documents
Property Address
Property Details
- Property TypeRetail
- Occupancy100%
- Year Built2003
- Parking Ratio5.08
- Total Parking73
- Lease TypeAbsolute Net... Absolute Net, NNN
- ZoningC, Marana
- APN226-30-002R
- Ownership InterestFee Simple
- Frontage (ft)200 ft
- Traffic Count31,654 AADT
- Signage RightsBuilding-Mounted... Building-Mounted, Monument
- Acres2.09
Property Details
Deal Team
