For Sale
$7,000,000

5925 Broadway Blvd Tucson, AZ 85711

High-profile NNN leased restaurant. Strong cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents the fee simple ownership of a Peter Piper Pizza restaurant in Tucson, Arizona. Located on a high-traffic section of Broadway Boulevard, directly across from Park Place Mall, this 30,086 square foot property boasts outstanding visibility and accessibility. The property sits on an 80,168 square foot lot and benefits from a strong corporate guarantee through a 10-year net lease (NNN) with seven years remaining and two five-year renewal options. The current NOI is $400,840, yielding a 5.70% cap rate. The C-1 zoning allows for a variety of uses. This prime location is surrounded by numerous restaurants, entertainment venues, and retailers, ensuring consistent traffic and high visibility. The property's prominent location and strong tenant history make it an attractive investment with significant potential for long-term growth and return. The property's APN is 127-13-051D. Currently, the occupancy rate is 70%. This is a rare opportunity to acquire a fee simple interest (land and building) in a highly desirable location with a strong performing tenant.

Highlights

  • High-visibility location directly across from Park Place Mall's main entrance.
  • Strong corporate lease guarantee in place.
  • Rare vacancy on high-traffic Broadway Boulevard.
  • Includes prominent monument signage (Verizon sign rights available).
  • Excellent Broadway Boulevard frontage, visibility, and accessibility.
  • Exceptional high-profile investment opportunity.

Property Details for 5925 Broadway Blvd

Property type
Retail properties, Restaurants
Square Feet
30,086 SF

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.2225667
Longitude
-110.8660023

FAQs

What type of property is this?
Retail property - High-profile NNN leased restaurant. Strong cap rate.
Where is the retail property located?
The property is located at 5925 Broadway Blvd Tucson, AZ.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: High-visibility location directly across from Park Place Mall's main entrance.; Strong corporate lease guarantee in place.; Rare vacancy on high-traffic Broadway Boulevard.
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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5925 Broadway Blvd
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