8530 Speedway Blvd Tucson, AZ 85710
High-yield NNN lease, strong tenant, prime location.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Fee simple ownership of a 1,804 SF Chevron gas station and convenience store in Tucson, AZ.
- 20-year absolute NNN lease with 18.8 years remaining, commencing August 1, 2023, including two 5-year renewal options and 10% rent increases every five years.
- Absolute NNN lease; tenant responsible for all taxes, insurance, and maintenance.
- 10% rent increases every five years throughout the base term and two 5-year options.
- Strong guarantor with a net worth exceeding $19.25 million.
Property Details for 8530 Speedway Blvd
- Property type
- Retail properties, Gas stations
- Square Feet
- 1,804 SF
- Class
- B
- Year Built/Renovated
- 1989/2020
- Buildings
- 1
- Stories
- 1
- Units
- 1
Location Insight
- City
- Tucson
- County
- Pima
- State
- Arizona
- Latitude
- 32.2350358
- Longitude
- -110.8102859
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield NNN lease, strong tenant, prime location.
- Where is the retail property located?
- The property is located at 8530 Speedway Blvd Tucson, AZ.
- What is the asking price?
- The asking price for this property is $2,200,000.
- What are key features of this property?
- This property features: Fee simple ownership of a 1,804 SF Chevron gas station and convenience store in Tucson, AZ.; 20-year absolute NNN lease with 18.8 years remaining, commencing August 1, 2023, including two 5-year renewal options and 10% rent increases every five years.; Absolute NNN lease; tenant responsible for all taxes, insurance, and maintenance.
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