8358 E Broadway Blvd - Freestanding FOR SALE


Tucson, AZ 85710- Ward 2
$5,189,760 USD
858-822-9811
8358 E Broadway Blvd, Tucson, AZ for Sale
$5,189,760 USD
Freestanding - FOR SALE
1/17
null | 6.15% Cap Rate

8358 E Broadway Blvd
Tucson, AZ 85710
Ward 2


HIGHLIGHTS

  • NN Corporate Guaranteed Lease with Limited Landlord Responsibilities
  • ±10 Year Operating History at this Site with Brand New 10-Year Lease Extension Executed
  • Two 5-Year Renewal Options with Annual Increases
  • Projected Population Growth of +3.98% within 1 Mile Radius from 2024-2029, per LoopNet
  • Ranked in 89th Percentile Nationwide for Visits within the “Clothing” Category, per Placeri.ai
  • Over 3,400 Visits in Foot Traffic per Week with +4.3% Visits YoY, per Placer.ai

OVERVIEW

This Goodwill property offers a corporate guaranteed lease with an executed brand new 10-year lease extension. The tenant has operated at this location for ±10 years and has two 5-year renewal options with annual increases. The property is situated in a major commercial corridor with excellent visibility positioned along E Broadway Blvd (44,714 VPD), a major East-West thoroughfare. This site has over 3,400 visits in foot traffic per week with +4.3% visits YOY and ranks in the 89th percentile nationwide for visits within the “Clothing” category, per placer.ai. The subject property is situated in a rapidly growing area with a projected population growth of +3.98% within 1 mile radius from 2024-2029, per LoopNet. Tucson is Arizona’s second-largest city, with an MSA population exceeding 1.03MM and an annual growth rate of approximately 1%. The subject property is in a dense residential area with a population over 113,000 in 3 mile radius. It’s within 1 mile radius of several apartments with over 2,200 units combined and is less than 9 miles from University of Arizona, a top 100 global university with ±53,000 average annual student enrollment. With over 3,300 independently operated locations, Goodwill has strong brand recognition nationwide. Watch Property Video: https://vimeo.com/1122465029/a9ac270bfa?share=copy

FOR SALE DETAILS

PRICE

$5,189,760 USD

PRICE/SF

$300 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Goodwill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

C-1

APN/PARCEL ID

134-09-002J

ASK ABOUT THIS PROPERTY

Ryan GomezCushman & WakefieldMore Info
858-822-9811

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Ryan GomezCushman & WakefieldMore Info
858-822-9811

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