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Former Walgreens 525 W Valencia Rd 14,560 SF of Retail Space Available in Tucson, AZ 85706
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 14,560 SF | Dec 2036 | $12.00 /SF/YR $1.00 /SF/MO $174,720 /YR $14,560 /MO | Modified Gross |
1st Floor
PROPERTY OVERVIEW *Building. ±14,560 SF + drive-through *Rent. $175K/yr, modified gross *Master Lease Expiration. 12/31/36 *Parcel. 1.53 AC *Parking. 82 spaces *Access. RI/RO - W Valencia + S. 12th Av ; FI/FO (extended) – W. Lerdo Rd *Signage. Building + monument w/ electronic reader *Yr Built / Improvements. ’03; HVACs replaced ‘18 *Signilazed Intersection. SEC of Valencia & 12th Ave *Parcel Info. Property Record *Zoning. C-1, City of Tucson Permitted Use Table *Prohibited Uses. Pharmacy, bar, children’s play or party facility, 2nd hand store, educational or training facility, gas, car wash, industrial use and/or auto sales. LOCATION OVERVIEW *Property. Prominent, freestanding building with drive-through at high-traffic intersection (±65K VPD) *Location. ½ mile east of I-19, with surrounding retailers including Food City, Dollar Tree, O’Reilly &, and minutes from Tucson Intl Airport. *New Development. Rincon Manor, new 84-unit, senior housing project 1 block south. SUBLEASE TERMS SUGGESTED RENT* $175,000 (inclusive of RET; R&M, insurance, utilities separate) SUBLEASE TERM 12/31/36 DELIVERY “As-Is” OFFERS EVALUATED AS RECEIVED *Price + terms, along with all offers, are subject to approval of Walgreen Co.’s Real Estate Committee
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 14,560 SF | Gross Leasable Area | 14,560 SF |
| Property Type | Retail | Year Built | 2003 |
| Property Subtype | Drug Store | Parking Ratio | 5.63/1,000 SF |
| Total Space Available | 14,560 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 14,560 SF |
| Year Built | 2003 |
| Parking Ratio | 5.63/1,000 SF |
Features and Amenities
- Bus Line
- Signage
- Signalized Intersection
- Drive Thru
- Smoke Detector
Nearby Major Retailers
Contact the Leasing Agent
Former Walgreens | 525 W Valencia Rd