5421 S Calle Santa Cruz - Restaurant FOR SALE


Tucson, AZ 85706- Ward 5
$3,215,000 USD
602-687-6766
5421 S Calle Santa Cruz, Tucson, AZ for Sale
$3,215,000 USD
Restaurant - FOR SALE
1/5
null | 7.25% Cap Rate

5421 S Calle Santa Cruz
Tucson, AZ 85706
Ward 5


HIGHLIGHTS

  • 10 Years Remaining on an Triple-Net (NNN) Lease - Seasoned Location
  • 2% Rent Increases Every Year Throughout Initial Term and Each Option Period
  • Ability to Earn Additional Rent when 8.5% of Store Sales Exceeds Base Rent
  • 212,210+ Residents Within a 5-Mile Radius
  • Easily Accessible by Interstae-19 (75,750+ Cars Per Day)
  • Situated Within Tucson Spectrum, a 960K+ Square-Foot Retail Power Center Serving South Tucson

OVERVIEW

In 1978, Floyd and Judy Anderson and their daughters set off from Buffalo, New York to Arizona to follow their dream of owning and running a restaurant. They purchased a small local pizza joint, renamed it "Native New Yorker." The Andersons were the first to bring wings to Arizona, and almost immediately Native New Yorker began receiving awards for their wings. With strong ties to local organizations, including youth sports leagues, and school partnerships, Native Grill & Wings is strongly invested in Arizona communities, with locations in Texas and Illinois as well. The subject location is operated by a 4-unit Franchisee of Native Grill & Wings. Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business. Over the next five years, the metro is projected to add roughly 37,000 new residents.

FOR SALE DETAILS

PRICE

$3,215,000 USD

PRICE/SF

$573 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Native Grill & Wings

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

C-3

APN/PARCEL ID

137-05-5390

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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Mark RubleMarcus & MillichapMore Info
602-687-6766

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