2570 E Valencia Rd
Tucson, AZ 85706
Retail Property For Sale

VOLK Company is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an absolute net leased freestanding drive-thru ChickeNuevo investment property located in Tucson, Arizona. The property is an approximately 3,400-square foot restaurant building, sitting on approximately 1 acre of land, and the lease is absolute net with no landlord responsibilities. ChickeNuevo was founded in 2001 and specializes in mesquite-grilled chicken.  They have 6 locations in the Tucson market, with this location being their #1 store.  They have occupied this property for over 14 years, and in 2018 signed a 12-year lease that has since been extended again to 2031.  The lease features annual 3% rent increases. The subject property is located next door to the hard southeast corner of Valencia Road and Tucson Boulevard (neighboring Burger King and Denny's) at the major intersection serving the airport,.  This locations is in one of the strongest employment hubs in Tucson with an estimated 3-mile population density of over 68,000 and 3-mile daytime employment of over 38,000, where HomeGoods and Amazon have recently opened major distribution centers.