For Sale
$1,830,000

18720 Nogales Hwy Green Valley, AZ 85614

High-Yield Mattress Firm Outparcel

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional retail investment opportunity presents a 4,600 square foot, single-tenant building leased to Mattress Firm, located on a 0.55-acre lot at 18720 S Nogales Hwy, Green Valley, AZ 85614 (Tucson MSA). The property boasts a strong 11.1 years remaining on a Net Lease (NN+) agreement, commencing October 12, 2012, and expiring December 31, 2035. The lease includes 10% rent bumps every five years and one 5-year lease option. The asking price is $1,830,000, representing a price per square foot of $397.83 and a 6.75% cap rate, with a current Net Operating Income (NOI) of $123,510. The property benefits from its location in a Walmart Supercenter outparcel, surrounded by numerous national retailers including Carl's Jr., Bank of America, Sprouts, AT&T, and Big Lots, ensuring high visibility and traffic. The tenant, Mattress Firm, recently extended their lease, demonstrating a long-term commitment to the location. The property enjoys excellent access from S Nogales Hwy, serving a rapidly growing community with a population growth of approximately 2.2% annually within a 3-mile radius since 2010. This fee-simple ownership offers a secure and profitable investment with a strong tenant and favorable lease terms. The property is 100% occupied.

Highlights

  • Walmart Supercenter Outparcel; nearby tenants include Carl's Jr., Bank of America, AT&T, and Big Lots.
  • 11+ Year Lease with Recent Extension provides secure income stream.
  • Investment-grade tenant, Mattress Firm, Inc. (S&P rating: B+).
  • Strong demographics: 2.2% annual population growth within a 3-mile radius since 2010.

Property Details for 18720 Nogales Hwy

Property type
Retail properties, Drug stores
Square Feet
4,600 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
23,958 SF
Units
1

Location Insight

City
Green Valley
County
Pima
State
Arizona
Latitude
31.9104892
Longitude
-110.9813532

FAQs

What type of property is this?
Retail property - High-Yield Mattress Firm Outparcel
Where is the retail property located?
The property is located at 18720 Nogales Hwy Green Valley, AZ.
What is the asking price?
The asking price for this property is $1,830,000.
What are key features of this property?
This property features: Walmart Supercenter Outparcel; nearby tenants include Carl's Jr., Bank of America, AT&T, and Big Lots.; 11+ Year Lease with Recent Extension provides secure income stream.; Investment-grade tenant, Mattress Firm, Inc. (S&P rating: B+).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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18720 Nogales Hwy
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