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.