For Sale
$3,530,000

9210 Houghton RdTucson, AZ 85747

Tucson Retail Center: 4 Tenants, 6.1 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 6,805 square foot, multi-tenant retail building in Tucson, Arizona. Located at 9210 S Houghton Rd, this property boasts a prime location as an outparcel to the high-traffic Houghton Town Center, benefiting from the significant draw of national retailers such as Walmart Supercenter, Ross, TJ Maxx, Petco, and McDonald's. The newly completed Home Depot further enhances the area's retail appeal. The building is currently 100% occupied by four tenants: MOD Pizza, Cold Stone Creamery, Crumbl Cookies, and Sport Clips, all operating under long-term, triple-net (NNN) leases with a weighted average remaining lease term of 6.1 years. These NNN leases minimize landlord expenses, providing a stable and predictable income stream. The property features 27 parking spaces and sits on a 0.6-acre lot, zoned I-2 (Industrial). Built in 2020, the property offers a strong 6.50% cap rate with a net operating income (NOI) of $229,522 and an asking price of $3,530,000 ($518.74 per square foot). The property benefits from its proximity to major roadways and a substantial consumer base, including the University of Arizona Tech Park, contributing to a strong demographic profile within the trade area. Scheduled rental increases further enhance the long-term investment potential. This is a rare opportunity to acquire a well-positioned, high-performing retail investment property in a thriving Tucson market. The property's APN is 141-18-629A, 141-18-626B.

Highlights

  • Strong tenant roster with a diverse mix of national and credit tenants.
  • 100% occupancy with long-term leases and scheduled rent increases.
  • Fee simple ownership with NNN leases.
  • Prime outparcel location adjacent to Houghton Town Center and a high-traffic Walmart Supercenter (4.5M+ annual visits), benefiting from I-10's high traffic volume (46,142 VPD) and direct consumer access.
  • Investment opportunity situated within a strong demographic trade area in the Tucson MSA.

Property Details for 9210 Houghton Rd

Property type
Retail properties, Restaurants
Square Feet
6,805 SF
Year Built
2020
Lot Size (sq. ft)
26,136 SF

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.0850215
Longitude
-110.7741008
9210 Houghton Rd, Tucson, Arizona

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9210 Houghton Rd
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