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708 W Ajo Way
Tucson, AZ 85713
Filiberto's Mexican Food Absolute NNN · Retail Property For Sale
Investment Highlights
- ±9 years remaining of original 15 year lease term
- Absolute NNN lease with zero landlord responsibilities
- High-performing location
- Personal guaranty of lease for the full lease term from one of the original founders of Filiberto’s Fresh Mexican Food
- Strong two (2%) percent annual increases
Executive Summary
INVESTMENT HIGHLIGHTS
±9 years remaining of original 15 year lease term
Personal guaranty of lease for the full lease term from one of the original founders of Filiberto’s Fresh Mexican Food
Strong two (2%) percent annual increases
Two (2) - five (5) year options to renew at the greater of 5% or FMV with 3% annual increases thereafter
Absolute NNN lease with zero landlord responsibilities
Recent parking lot reseal completed and new roof in 2022
High-performing location with approximately 113,000 visits over the last 12 months according to Placer.Ai, ranking this site in the top third of locations in the chain
LOCATION HIGHLIGHTS
Located at 708 W Ajo Way in South Tucson, a dense and highly trafficked retail corridor adjacent to Fry’s Food & Drug
Proximity to I-19 & I-10 provides strong regional accessibility and commuter exposure
Surrounded by major retail destinations including Tucson Spectrum, Tucson Marketplace at the Bridges, and Santa Cruz Plaza
Dense daily activity driven by nearby residential neighborhoods and employment centers
Strong connectivity to gas stations, neighborhood retail, and quick-service dining, reinforcing habitual traffic patterns
29,827 Vehicles Per Day along Ajo Way
TENANT HIGHLIGHTS
Well-established Southwest QSR brand with a loyal following and decades of operating history
Filiberto’s Fresh Mexican Food currently has over 140 locations and growing
Known for late-night hours and drive-thru service, supporting consistent demand throughout the day
Ranked in the top tier of Filiberto’s locations locally and statewide based on visit performance
Draws over 45,000 unique visitors annually, highlighting broad market appeal
High visit frequency reflects repeat customer behavior rather than one-time traffic
Concept aligns well with surrounding demographics and value-oriented consumer base
±9 years remaining of original 15 year lease term
Personal guaranty of lease for the full lease term from one of the original founders of Filiberto’s Fresh Mexican Food
Strong two (2%) percent annual increases
Two (2) - five (5) year options to renew at the greater of 5% or FMV with 3% annual increases thereafter
Absolute NNN lease with zero landlord responsibilities
Recent parking lot reseal completed and new roof in 2022
High-performing location with approximately 113,000 visits over the last 12 months according to Placer.Ai, ranking this site in the top third of locations in the chain
LOCATION HIGHLIGHTS
Located at 708 W Ajo Way in South Tucson, a dense and highly trafficked retail corridor adjacent to Fry’s Food & Drug
Proximity to I-19 & I-10 provides strong regional accessibility and commuter exposure
Surrounded by major retail destinations including Tucson Spectrum, Tucson Marketplace at the Bridges, and Santa Cruz Plaza
Dense daily activity driven by nearby residential neighborhoods and employment centers
Strong connectivity to gas stations, neighborhood retail, and quick-service dining, reinforcing habitual traffic patterns
29,827 Vehicles Per Day along Ajo Way
TENANT HIGHLIGHTS
Well-established Southwest QSR brand with a loyal following and decades of operating history
Filiberto’s Fresh Mexican Food currently has over 140 locations and growing
Known for late-night hours and drive-thru service, supporting consistent demand throughout the day
Ranked in the top tier of Filiberto’s locations locally and statewide based on visit performance
Draws over 45,000 unique visitors annually, highlighting broad market appeal
High visit frequency reflects repeat customer behavior rather than one-time traffic
Concept aligns well with surrounding demographics and value-oriented consumer base
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,586 SF
Building Class
C
Year Built/Renovated
1990/2020
Price
$1,998,000
Price Per SF
$772.62
Cap Rate
5.75%
NOI
$114,869
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.54 AC
Opportunity Zone
Yes
Zoning
C-1, Tucson
Parking
26 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $105,803 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$105,803
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