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- LoopNet Team
Hertz
Tucson, AZ 85712
Annual Bumps - Upside Potential · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Two-Tenant NNN Leased Value Add Retail Asset- Includes 24 Month Master Lease Credit at Close
- Prominent Hard Corner Location - Infill Commercial & Residential Site - Huge Traffic Counts Over 56K CPD
- Tucson 2nd Largest in the State - National Path of Growth Trade Area - Down from University of Arizona
- Best in Class Corporate NNN Lease by Hertz (NYSE: HTZ) - 10,200 Locations Worldwide - Market CAP $2B
- Annual 2.5% Rent Bumps on Hertz Lease - Under Market Rent/ Small Price Point with High Cash on Cash
PROPERTY FACTS
AMENITIES
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
ABOUT HERTZ , TUCSON, AZ 85712
We are pleased to offer to qualified investors the opportunity to purchase (fee simple) a +/- 6,860 SF, Two-Tenant, value-add retail property located on one of Tucson’s most trafficked corridors. Hertz Corporation(~10,200 locations internationally) occupies 4,000 SF, which provides an investor with the ability to create immediate upside through lease-up of the remaining 2,860 SF. In addition, the subject property benefits from being positioned on the hard corner of E Speedway Blvd and N Sahuara Ave which is visible to over 56,000 VPD combined. This dense infill location also contains approximately 117,000 residents within a 3 mile radius. Lastly, the property is just 5 miles away from the University of Arizona campus that boasts over 45,000 students. This is a tremendous opportunity for an investor to acquire a highly recognized tenant in Hertz while also possessing the value-add component of leasing up the remaining vacant space in an extremely dense infill area of Tucson, Arizona.
PROPERTY TAXES
| Parcel Number | 121-07-017A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $114,503 |
PROPERTY TAXES
