For Sale
$1,695,000

1620 Tucson Marketplace Blvd Tucson, AZ 85713

High-return QSR franchise, strong lease.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a thriving Tropical Smoothie Cafe in Tucson, Arizona. Located at 1620 E. Tucson Marketplace Blvd, this 1,698 square foot QSR establishment sits on a 0.51-acre lot. The property boasts a strong 12-year NNN lease, commencing September 1, 2024, and expiring August 31, 2036, with a substantial remaining lease term of 11.8 years. The current annual net operating income (NOI) is $100,000, yielding an attractive 5.90% cap rate. The asking price is $1,695,000, translating to $998.23 per square foot. The franchisee tenant ensures consistent occupancy (currently 100%), and the lease includes scheduled rent increases of 10% every five years, providing built-in growth potential. The property was newly constructed in 2024, ensuring modern facilities and minimal maintenance needs. This is a turnkey investment ideal for passive income seekers. The property's prime location in Tucson, Pima County, AZ 85713, further enhances its appeal and potential for long-term profitability.

Highlights

  • Thriving Tropical Smoothie Cafe in Tucson, AZ, offering a strong 11.8-year remaining lease.
  • 1,698 SF QSR on a 0.51-acre lot at 1620 E. Tucson Marketplace Blvd.
  • NNN lease with 10% rent increases every five years, starting September 1, 2024.
  • $1,695,000 asking price, representing a 5.90% cap rate and $998.23/SF.
  • $100,000 annual NOI and 100% occupancy.

Property Details for 1620 Tucson Marketplace Blvd

Property type
Retail properties
Square Feet
1,698 SF
Year Built
2024
Lot Size (sq. ft)
22,216 SF

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.182486
Longitude
-110.947167

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FAQs

What type of property is this?
Retail property - High-return QSR franchise, strong lease.
Where is the retail property located?
The property is located at 1620 Tucson Marketplace Blvd Tucson, AZ.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Thriving Tropical Smoothie Cafe in Tucson, AZ, offering a strong 11.8-year remaining lease.; 1,698 SF QSR on a 0.51-acre lot at 1620 E. Tucson Marketplace Blvd.; NNN lease with 10% rent increases every five years, starting September 1, 2024.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
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Contacts

Jonathan Eckerd
Jonathan Eckerd
Tom Jonsson
Tom Jonsson
Ken Johnson II
Ken Johnson II
Visit Broker Website

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Useful Information

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Tucson Marketplace Blvd
Tucson, AZ 85713

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Tucson Marketplace Blvd
Tucson, AZ 85713

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1620 Tucson Marketplace Blvd
  • Jonathan Eckerd
    Jonathan Eckerd
  • Tom Jonsson
    Tom Jonsson
  • Ken Johnson II
    Ken Johnson II
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