210 W MaGee Rd - Auto Repair FOR SALE


Tucson, AZ 85704- Casas Adobes
$2,714,000 USD
949-903-3399
210 W MaGee Rd, Tucson, AZ for Sale
$2,714,000 USD
Auto Repair - FOR SALE
1/5
null | 5.75% Cap Rate

210 W MaGee Rd
Tucson, AZ 85704
Casas Adobes


HIGHLIGHTS

  • Brand New Absolute NNN 15 Year Lease – Corporate Guaranteed Lease
  • Corporate Guaranteed Lease – OOROO, Inc
  • 10% Rental Increases Every 5 Years in Primary Term – 3% Annual Inc. in Options
  • High Income Trade Area – Catalina Hills - Tucson’s Premier Upscale Community
  • High Traffic Major Thoroughfare Intersection – Oracle Rdand Magee Rd
  • OOROO Brand was Named to Inc. 5000 List of America’s Fastest-Growing Companies (‘23 & ‘24)

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer investors the opportunity to acquire a single-tenant, corporate guaranteed, absolute NNN investment leased to OOROO Auto Care in Tucson, AZ. OOROO operates 10 neighborhood automotive repair shops across the Southern Arizona and the Phoenix East Valley markets and also offers high-quality mobile repair services throughout the state. In 2023 and 2024, the OOROO brand was named to the Inc. 5000 list of America’s Fastest-Growing Companies and was nominated best automotive repair shop in 2024 by the Arizona Daily Star. With a new 15-year lease, two 5-year option periods, strong rent increases, and no landlord responsibilities, this asset is ideal for an investor seeking years of inflation-resistant cash flows. The property just completed a full renovation with over $700K in capital improvements and property upgrades. The 6,120 SF state of the art automotive repair building with 9 service bays is positioned on a 0.7 acre parcel located at intersection of North Oracle Road and West Magee Road. Located at one of the busiest intersections in Tucson with traffic counts over 67,031 VPD. Adjacent retailers include Whole Foods, Walmart Neighborhood Market, Sprouts Farmers Market, Trader Joe’s, HomeGoods, Marshalls, Kohl’s, Ace Hardware, Bank of America, McDonald’s, Starbucks, Taco Bell, and more. The property is located at the base of Catalina Hills, which includes Tucson’s most premier upscale communities. The densely populated surrounding trade area has average household incomes over $151,000 in a three-mile radius.

FOR SALE DETAILS

PRICE

$2,714,000 USD

PRICE/SF

$443 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

OOROO Automotive

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,579 SF

ZONING

-

APN/PARCEL ID

225-14-193D

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.