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5550 E Grant Rd 26,301 SF Retail Building Tucson, AZ 85712 $3,490,000 ($132.69/SF) 8.75% Cap Rate
INVESTMENT HIGHLIGHTS
- PUBLICLY TRADED INVESTMENT GRADE TENANT
- EXCELLENT HISTORICAL OCCUPANCY AND COMMITMENT TO LOCATION
- JUST ONE-MILE SOUTH OF TUCSON’S UPSCALE, AFFLUENT CATALINA FOOTHILLS COMMUNITY
- EXTREMELY HIGH-TRAFFICKED INTERSECTION OF GRANT RD/ CRAYCROFT RD
- ADJACENT TO TUCSON MEDICAL CENTER, TUCSON’S SECOND LARGEST HOSPITAL
- STRONG RETAIL CORRIDOR WITH NUMEROUS NATIONAL NAMES
EXECUTIVE SUMMARY
Newmark Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire Ross Dress For Less at 5550 E Grant Rd, Tucson (the Property), a 25,798-square-foot off price retailer in Tucson, AZ. This unique investment consists of a single tenant on a NNN lease. This site sits on a 2.47 acre parcel directly next to Chuze Fitness. The property is located on the south west corner of Grant Road and Craycroft Road with a lighted intersection and excellent visibility to more than 68,000 vehicles per day. In addition, the asset is just 10 minutes east of the University of Arizona campus and 20 minutes north of the Tucson International Airport.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
26,301 SF
Building Class
B
Year Built
1984
Price
$3,490,000
Price Per SF
$132.69
Cap Rate
8.75%
NOI
$305,400
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.24
Lot Size
2.47 AC
Zoning
C-1, Tuscon - Commercial
Parking
107 Spaces (4.14 Spaces per 1,000 SF Leased)
Frontage
270’ on Grant Rd
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Wheelchair Accessible
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 121-05-021A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $309,309 |
PROPERTY TAXES
Parcel Number
121-05-021A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$309,309
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5550 E Grant Rd
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