For Sale
$2,130,000

1971 Valencia RdTucson, AZ 85746

High-performing, fee-simple NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple owned Dutch Bros Coffee shop in Tucson, Arizona. Boasting a 5.50% cap rate, this 824 square foot Class A retail property is situated at 1971 W Valencia Rd, 85746, in a high-traffic area with strong demographics. The property benefits from an absolute NNN lease with a corporate guarantee from Dutch Bros Coffee (NYSE: BROS), providing minimal management responsibilities. The 15-year lease has approximately 9.5 years remaining, ensuring long-term, stable income. Built in 2019, this built-to-suit location is a top performer, ranking in the 92nd percentile for annual visitors (734,000) according to Placer AI. The surrounding area features a dense residential corridor (23,569 housing units within 3 miles), a substantial daytime workforce (44,421 employees within 3 miles), and high daily traffic volume (48,038 cars per day on Valencia Rd). The location is also strategically positioned near major retailers, including IHOP, Culvers, CVS, and Walmart, contributing to a robust consumer retail spend of approximately $706.5 million within a 3-mile radius. Furthermore, the proximity to three elementary/middle schools (1,175 students) and Tucson International Airport (5 miles) adds to the property's appeal. The airport experienced a 10% increase in passenger count in 2023, reaching 3.75 million. This rare fee-simple ownership structure allows for advantageous building depreciation, making this a compelling investment opportunity with significant upside potential. The Net Operating Income (NOI) is $117,150. The property's 100% occupancy commenced July 1, 2019.

Highlights

  • Top-performing Dutch Bros Coffee location, ranking in the 92nd percentile with 734,000 annual visitors.
  • 2019 built-to-suit construction.
  • Absolute NNN lease with Dutch Bros Coffee (NYSE: BROS), approximately 9.5 years remaining on a 15-year term, offering zero management responsibilities.
  • Rare fee-simple ownership, allowing for advantageous building depreciation.
  • Strong demographics: ~23,569 housing units and ~44,421 employees within 3 miles; ~48,038 daily vehicles on Valencia Rd.
  • Year-over-year increase in annual visits of 2.6%.

Property Details for 1971 Valencia Rd

Property type
Retail properties
Square Feet
824 SF
Class
A
Year Built
2019

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.1333852
Longitude
-111.0089233
1971 Valencia Rd, Tucson, Arizona

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1971 Valencia Rd
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