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Desert Square 3 Retail Properties Offered at $7,860,000 in Tucson, AZ
Investment Highlights
- Value-creation/ repositioning opportunity through lease-up of the approx. 35,468 square feet of vacant space; approx. 39% of total GLA.
- Approximately 59% of the in-place rental revenue stream has been in occupancy on/before 2018.
- Two freestanding pad buildings are inclusive in the collateral.
- Significantly below replacement cost; also providing an attractive land acquisition cost per square foot.
- 80% of the total square footage, representing 74% of the in-place rental revenue stream, is comprised of national and regional tenants.
Executive Summary
Desert Square is a 91,297 square foot neighborhood shopping center located in a densely populated submarket of Tucson, AZ that provides an investor with a signifi¬cant value-creation/repositioning opportunity. Situated at the signalized intersection of E. Golf Links Rd. and S. Kolb Rd., the subject property benefits from its positioning along a dominant retail node/intersection that features national grocery operators Fry’s Food & Drug and Walmart Neighborhood Market.
Desert Square features an 80% national and regional tenant base, including best-in-class national anchor tenants Dollar Tree and AutoZone. Additional national and regional tenants within the collateral include TitleMax, Eegee’s, and Famous Sam’s Restaurant.
Desert Square provides an investor with a significant value-creation opportunity with the ability to implement a leasing and repositioning strategy, with approximately 35,468 square feet of vacant space in the subject property. This represents approximately 39% of the GLA and includes three vacant anchor/junior anchor suites com¬prising 9,700 SF, 15,612 SF, and 7,500 SF.
Broker of Record: REZA Investments, Inc. - Aaron Bettencourt AZ Lic. #BR624919000
Desert Square features an 80% national and regional tenant base, including best-in-class national anchor tenants Dollar Tree and AutoZone. Additional national and regional tenants within the collateral include TitleMax, Eegee’s, and Famous Sam’s Restaurant.
Desert Square provides an investor with a significant value-creation opportunity with the ability to implement a leasing and repositioning strategy, with approximately 35,468 square feet of vacant space in the subject property. This represents approximately 39% of the GLA and includes three vacant anchor/junior anchor suites com¬prising 9,700 SF, 15,612 SF, and 7,500 SF.
Broker of Record: REZA Investments, Inc. - Aaron Bettencourt AZ Lic. #BR624919000
Taxes & Operating Expenses (Actual - 2026) |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$549,965
|
Taxes & Operating Expenses (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $549,965 |
Property Facts
| Price | $7,860,000 | Number of Properties | 3 |
| Price / SF | $98.64 / SF | Individually For Sale | 0 |
| Cap Rate | 7% | Total Building Size | 79,683 SF |
| Sale Type | Investment | Total Land Area | 17.84 AC |
| Status | Active |
| Price | $7,860,000 |
| Price / SF | $98.64 / SF |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 79,683 SF |
| Total Land Area | 17.84 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 7109-7129 E Golf Links Rd, Tucson, AZ 85730 | Retail | 65,789 SF | 1976 | - |
|
Desert Square
7213-7233 E Golf Links Rd, Tucson, AZ 85730 |
Retail | 12,174 SF | 1976 | - |
|
Eegee's
7235 E Golf Links Rd, Tucson, AZ 85730 |
Retail | 1,720 SF | 1979 | - |
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