3754 S 16th Ave - Freestanding FOR SALE


Tucson, AZ 85713- Ward 5
$3,775,000 USD
602-688-9279
3754 S 16th Ave, Tucson, AZ for Sale
$3,775,000 USD
Freestanding - FOR SALE
1/28
null | 6.13% Cap Rate

3754 S 16th Ave
Tucson, AZ 85713
Ward 5


HIGHLIGHTS

  • ACTUAL 6.00% Cap Rate based on a new FIVE-YEAR Absolute NNN lease executed by the Seller at close — not pro forma
  • Long-Established Tenant with 35+ years in business, providing operational continuity and income reliability
  • ±30,000 SF Retail Building offering functional layout and flexibility for long-term use
  • Nearly Unlimited Asphalt Parking enhancing customer convenience and tenant operations

OVERVIEW

Investment Opportunity in Tucson, AZ Prime Retail Property with Established Tenant Discover a lucrative investment opportunity at 3754 S 16th Ave, Tucson, AZ 85713. Priced at $3,775,000 with a solid NNN leased 6% cap rate, this property offers stability and growth potential in the heart of Tucson. Key Features: Tenant Stability: The retail space is leased to a longstanding tenant with 35 years of business history, ensuring reliable rental income. Size and Flexibility: Spanning 30,000 square feet, the property includes ample space for retail operations and future growth. Owner-Occupier Potential: Investors have the option to owner-occupy, leveraging the property's strategic location and functional layout. Convenient Location: Situated within a bustling shopping center, the property boasts nearly unlimited asphalt parking, enhancing customer accessibility and convenience. Modern Infrastructure: Interior features include updated restrooms, efficient HVAC systems, a well-equipped storefront, and convenient loading docks, catering to diverse retail needs. Investment Highlights: NNN Lease: Enjoy the benefits of a NNN lease structure, where the tenant covers property taxes, insurance, and maintenance costs, minimizing landlord responsibilities. Stable Income: Benefit from a secure income stream backed by a reputable tenant in a thriving retail environment. Strategic Potential: With potential for owner-occupation, investors can capitalize on both rental income and operational flexibility. Community Connectivity: Located in a vibrant commercial area, the property offers high visibility and accessibility, driving foot traffic and enhancing retail potential. Ideal for Investors Seeking: Long-Term Value: With a strong tenant history and favorable lease terms, this property promises enduring value and income stability. Expansion Opportunities: Expand your portfolio in Tucson's dynamic retail market, leveraging the property's prime location and tenant credibility. Diverse Investment Strategies: Whether seeking passive income or an owner-operated retail space, this property accommodates various investment goals. Don't miss out on this exceptional retail investment opportunity in Tucson. Contact us today to explore this property's full potential and secure your position in Tucson's thriving retail landscape. Disclaimer: All potential buyers are encouraged to verify all details and conduct their own due diligence.

FOR SALE DETAILS

PRICE

$3,775,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

6.13%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

VF Factory Outlet

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

350

LAND DETAILS

LAND ACRES

2.44 AC

LAND SF

106,286 SF

ZONING

C-1, Tucson

APN/PARCEL ID

119-18-093A

ASK ABOUT THIS PROPERTY

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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Linda GerchickGerchick Real EstateMore Info
602-688-9279

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