708 W Ajo Way - Fast Food FOR SALE


Tucson, AZ 85713- Ward 5
$1,998,000 USD
602-820-8725
708 W Ajo Way, Tucson, AZ for Sale
$1,998,000 USD
Fast Food - FOR SALE
1/8
null | 5.75% Cap Rate

708 W Ajo Way
Tucson, AZ 85713
Ward 5


HIGHLIGHTS

  • ±9 years remaining of original 15 year lease term
  • Personal guaranty of lease for the full lease term from one of the original founders of Filiberto’s Fresh Mexican Food
  • Absolute NNN lease with zero landlord responsibilities
  • Strong two (2%) percent annual increases
  • High-performing location

OVERVIEW

INVESTMENT HIGHLIGHTS ±9 years remaining of original 15 year lease term Personal guaranty of lease for the full lease term from one of the original founders of Filiberto’s Fresh Mexican Food Strong two (2%) percent annual increases Two (2) - five (5) year options to renew at the greater of 5% or FMV with 3% annual increases thereafter Absolute NNN lease with zero landlord responsibilities Recent parking lot reseal completed and new roof in 2022 High-performing location with approximately 113,000 visits over the last 12 months according to Placer.Ai, ranking this site in the top third of locations in the chain LOCATION HIGHLIGHTS Located at 708 W Ajo Way in South Tucson, a dense and highly trafficked retail corridor adjacent to Fry’s Food & Drug Proximity to I-19 & I-10 provides strong regional accessibility and commuter exposure Surrounded by major retail destinations including Tucson Spectrum, Tucson Marketplace at the Bridges, and Santa Cruz Plaza Dense daily activity driven by nearby residential neighborhoods and employment centers Strong connectivity to gas stations, neighborhood retail, and quick-service dining, reinforcing habitual traffic patterns 29,827 Vehicles Per Day along Ajo Way TENANT HIGHLIGHTS Well-established Southwest QSR brand with a loyal following and decades of operating history Filiberto’s Fresh Mexican Food currently has over 140 locations and growing Known for late-night hours and drive-thru service, supporting consistent demand throughout the day Ranked in the top tier of Filiberto’s locations locally and statewide based on visit performance Draws over 45,000 unique visitors annually, highlighting broad market appeal High visit frequency reflects repeat customer behavior rather than one-time traffic Concept aligns well with surrounding demographics and value-oriented consumer base

FOR SALE DETAILS

PRICE

$1,998,000 USD

PRICE/SF

$773 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Filiberto's Mexican Food Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

C-1, Tucson

APN/PARCEL ID

119-18-0690,119-18-0700

ASK ABOUT THIS PROPERTY

Kalen RickardWestern Retail Advisors, LLCMore Info
602-820-8725

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Kalen RickardWestern Retail Advisors, LLCMore Info
602-820-8725

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