Starbucks - Pima Medical Campus 2121 N Craycroft Rd 2,262 SF Retail Building Tucson, AZ 85712 $3,709,000 ($1,639.70/SF) 5.50% Cap Rate

Velocity Retail Group is pleased to offer this Starbucks (NASDAQ: SBUX) single tenant net leased investment property located in a prime medical corridor at 2121 North Craycroft Road, Pima Medical Campus Building 4, Tucson, AZ (the “Property”). The +/- 2,262 SF building with a drive-thru window is on a +/- 38,768 SF Craycroft Road frontage parcel and forms a part of the new Pima Medical Campus (PMC). PMC is anchored by Pima Medical Institute with 100 instructors and 575 students daily. Other medical tenants located in PMC host 110 doctors and 340 patients daily. Tucson Medical Center with over 5,000 employees is within a quarter mile from the Property. Craycroft Rd is an arterial road carrying 28,958 CPD from highly affluent Catalina Foothills area to many Tucson employment centers including the Broadway office/retail corridor and Davis-Monthan Air Force Base.
Tucson, Arizona is a sun belt city known for its beautiful surrounding Catalina mountain backdrop and warm sunny weather. Tucson MSA has a population of 1,100,000 and hosts over 5 Million visitors per year. Tucson has a diverse employment sector, generating over $60 Billion in GDP annually. University of Arizona (53,187 students) is known for its high caliber medical school. Other major Tucson employers include Davis-Monthan Air Force Base, Freeport McMoRan, Raytheon, Caterpillar, Roche Pharma and Tucson Medical Center.
With a 10-year primary lease term, this offering presents an excellent opportunity for an investor to acquire an income-producing commercial property with the industry-leading premier global coffee shop operator as tenant at a high-quality sun belt City of Tucson in-fill location.