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VF Factory Outlet 3754 S 16th Ave 24,990 SF Retail Building Tucson, AZ 85713 $3,775,000 ($151.06/SF) 6.13% Cap Rate



INVESTMENT HIGHLIGHTS
- ACTUAL 6.00% Cap Rate based on a new FIVE-YEAR Absolute NNN lease executed by the Seller at close — not pro forma
- ±30,000 SF Retail Building offering functional layout and flexibility for long-term use
- Long-Established Tenant with 35+ years in business, providing operational continuity and income reliability
- Nearly Unlimited Asphalt Parking enhancing customer convenience and tenant operations
EXECUTIVE SUMMARY
Investment Opportunity in Tucson, AZ
Prime Retail Property with Established Tenant
Discover a lucrative investment opportunity at 3754 S 16th Ave, Tucson, AZ 85713. Priced at $3,775,000 with a solid NNN leased 6% cap rate, this property offers stability and growth potential in the heart of Tucson.
Key Features:
Tenant Stability: The retail space is leased to a longstanding tenant with 35 years of business history, ensuring reliable rental income.
Size and Flexibility: Spanning 30,000 square feet, the property includes ample space for retail operations and future growth.
Owner-Occupier Potential: Investors have the option to owner-occupy, leveraging the property's strategic location and functional layout.
Convenient Location: Situated within a bustling shopping center, the property boasts nearly unlimited asphalt parking, enhancing customer accessibility and convenience.
Modern Infrastructure: Interior features include updated restrooms, efficient HVAC systems, a well-equipped storefront, and convenient loading docks, catering to diverse retail needs.
Investment Highlights:
NNN Lease: Enjoy the benefits of a NNN lease structure, where the tenant covers property taxes, insurance, and maintenance costs, minimizing landlord responsibilities.
Stable Income: Benefit from a secure income stream backed by a reputable tenant in a thriving retail environment.
Strategic Potential: With potential for owner-occupation, investors can capitalize on both rental income and operational flexibility.
Community Connectivity: Located in a vibrant commercial area, the property offers high visibility and accessibility, driving foot traffic and enhancing retail potential.
Ideal for Investors Seeking:
Long-Term Value: With a strong tenant history and favorable lease terms, this property promises enduring value and income stability.
Expansion Opportunities: Expand your portfolio in Tucson's dynamic retail market, leveraging the property's prime location and tenant credibility.
Diverse Investment Strategies: Whether seeking passive income or an owner-operated retail space, this property accommodates various investment goals.
Don't miss out on this exceptional retail investment opportunity in Tucson. Contact us today to explore this property's full potential and secure your position in Tucson's thriving retail landscape.
Disclaimer: All potential buyers are encouraged to verify all details and conduct their own due diligence.
Prime Retail Property with Established Tenant
Discover a lucrative investment opportunity at 3754 S 16th Ave, Tucson, AZ 85713. Priced at $3,775,000 with a solid NNN leased 6% cap rate, this property offers stability and growth potential in the heart of Tucson.
Key Features:
Tenant Stability: The retail space is leased to a longstanding tenant with 35 years of business history, ensuring reliable rental income.
Size and Flexibility: Spanning 30,000 square feet, the property includes ample space for retail operations and future growth.
Owner-Occupier Potential: Investors have the option to owner-occupy, leveraging the property's strategic location and functional layout.
Convenient Location: Situated within a bustling shopping center, the property boasts nearly unlimited asphalt parking, enhancing customer accessibility and convenience.
Modern Infrastructure: Interior features include updated restrooms, efficient HVAC systems, a well-equipped storefront, and convenient loading docks, catering to diverse retail needs.
Investment Highlights:
NNN Lease: Enjoy the benefits of a NNN lease structure, where the tenant covers property taxes, insurance, and maintenance costs, minimizing landlord responsibilities.
Stable Income: Benefit from a secure income stream backed by a reputable tenant in a thriving retail environment.
Strategic Potential: With potential for owner-occupation, investors can capitalize on both rental income and operational flexibility.
Community Connectivity: Located in a vibrant commercial area, the property offers high visibility and accessibility, driving foot traffic and enhancing retail potential.
Ideal for Investors Seeking:
Long-Term Value: With a strong tenant history and favorable lease terms, this property promises enduring value and income stability.
Expansion Opportunities: Expand your portfolio in Tucson's dynamic retail market, leveraging the property's prime location and tenant credibility.
Diverse Investment Strategies: Whether seeking passive income or an owner-operated retail space, this property accommodates various investment goals.
Don't miss out on this exceptional retail investment opportunity in Tucson. Contact us today to explore this property's full potential and secure your position in Tucson's thriving retail landscape.
Disclaimer: All potential buyers are encouraged to verify all details and conduct their own due diligence.
DATA ROOM Click Here to Access
- Offering Memorandum
- Investigations
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
24,990 SF
Building Class
C
Year Built
1986
Price
$3,775,000
Price Per SF
$151.06
Cap Rate
6.13%
NOI
$231,408
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.24
Lot Size
2.44 AC
Opportunity Zone
Yes
Zoning
C-1, Tucson - Commercial
Parking
350 Spaces (14.01 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 119-18-093A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $279,888 |
PROPERTY TAXES
Parcel Number
119-18-093A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$279,888
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VF Factory Outlet | 3754 S 16th Ave
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