7740 N Cortaro Rd - Drug Store FOR SALE


Tucson, AZ 85743
$4,670,000 USD
602-531-5538
7740 N Cortaro Rd, Tucson, AZ for Sale
$4,670,000 USD
Drug Store - FOR SALE
1/4
null | 6.75% Cap Rate

7740 N Cortaro Rd
Tucson, AZ 85743


OVERVIEW

Absolute NNN Lease with No Landlord Responsibilities - The tenant is responsible for all expenses, including property taxes, insurance, roof, structure, and site maintenance, making this a true passive investment. Corporate Guarantee from CVS Health (NYSE: CVS) - Lease is backed by a Fortune 500 company with an S&P “BBB” credit rating and a national presence of over 9,000 locations. Long-Term Tenancy with Strong Lease Stability CVS has operated at this location since 2005 and is in a 20-year lease with 13 years remaining, through January 2039. Reliable Cash Flow with Built-In Rent Increases Annual rent is $315,000 ($26,250 per month) with ten five-year renewal options. Each option includes a 2.5% rent increase. Freestanding 14,375 SF Building - Positioned on a prominent corner parcel offering excellent visibility and convenient access. Located in a High-Traffic Retail Corridor Situated along Cortaro Road that sees 31,654 VPD and surrounded by major retailers including Walmart, A Fitness, PetSmart, and Dutch Bros. Strong Demographics in Surrounding Trade Area - Roughly 92,000 residents live within five miles, with average household incomes of $121,683. Essential Retail Use with Recession-Resilient Demand Pharmacy tenants provide daily necessity goods and demonstrate strong performance across all economic cycles. Download the offering memorandum here: https://cvstusconaz.sharplaunch.com/

FOR SALE DETAILS

PRICE

$4,670,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy Store #8420

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

2.09 AC

LAND SF

91,040 SF

ZONING

C, Marana

APN/PARCEL ID

226-30-002R

ASK ABOUT THIS PROPERTY

Mindy KorthColliersMore Info
602-531-5538

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Mindy KorthColliersMore Info
602-531-5538

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