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NATIONAL VETERINARY ASSOCIATES CLINIC 333 W Cool Dr 2,520 SF Retail Building Tucson, AZ 85704 $1,800,000 ($714.29/SF) 6.76% Cap Rate
Investment Highlights
- Corporate Backed Lease Featuring 2% Annual Rental Increases Throughout the Initial Term and Options. 23+ Year Historical Occupancy.
- Located w/in one of the Region’s most Established and Economically Vibrant Commercial and Healthcare Corridors.
- It is Majority-owned by the Reimann Family, one of the Wealthiest in the World and estimated to have a Net Worth of $20 Billion, according to Forbes.
- High Traffic Arterial Access via Oracle Road – Positioned Just Off Oracle Road (State Route 77), a Major Arterial with Over 42k VPD.
- Strong Guarantee - Lease is backed by National Veterinary Associates (NVA), which was purchased by JAB Holding, Co.
- The National Veterinary Associates (NVA) is One of the Largest Veterinary and Pet Care Service Providers in the World with 1,500+ Vet Clinics.
Executive Summary
National Veterinary Associates (Sahuaro Vista Veterinary Clinic) | Recent Lease Extension | Corporate Guarantee | 2% Annual Rental Increases | Affluent Tucson Corridor | High-Income Dense Trade Area | High Traffic Arterial Access | Established Medical-Veterinary Corridor | Surrounded by Multifamily and Residential Growth | Service-Based, Internet Resistant, and Recession-Proof Investment
Arizona Broker of Record: Ryan Sarbinoff | 2398 East Camelback Rd, Ste. 300 Phoenix, AZ 85016 | P: 602-687-6700 | Lic #: BR675146000 | Ryan.Sarbinoff@MarcusMillichap.com
Arizona Broker of Record: Ryan Sarbinoff | 2398 East Camelback Rd, Ste. 300 Phoenix, AZ 85016 | P: 602-687-6700 | Lic #: BR675146000 | Ryan.Sarbinoff@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,520 SF
Building Class
B
Year Built
1990
Price
$1,800,000
Price Per SF
$714.29
Cap Rate
6.76%
NOI
$121,727
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.56 AC
Zoning
CB-1
Parking
18 Spaces (7.14 Spaces per 1,000 SF Leased)
Frontage
116’ on Cool Dr
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- National Veterinary Associates
- Retailer
- 2,520 SF
- -
- Double Net
- Aug 2035
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| National Veterinary Associates | Retailer | 2,520 SF | - | Double Net | Aug 2035 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 225-14-170C | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $67,825 |
Property Taxes
Parcel Number
225-14-170C
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$67,825
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NATIONAL VETERINARY ASSOCIATES CLINIC | 333 W Cool Dr
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