3805 River RdTucson, AZ 85741

The Shoppes at Orange Grove, a Class A, 21,210 square foot shopping center in Tucson, Arizona, presents a compelling investment opportunity. This stabilized, multi-tenant property boasts six tenants with a 100% occupancy rate and a current NOI of $367,500, yielding a 6.68% cap rate. Built in 2006, the single-story building sits on a 2.35-acre lot and features a NNN lease structure with 3% annual rent bumps, ensuring consistent income growth. The property is strategically located at 3805, 3815, and 3835 W River Rd, Tucson, AZ 85741, offering exceptional visibility and accessibility due to its proximity to Interstate 10, River Road, and Orange Grove Road. The high-traffic area includes nearby retailers such as Costco, Top Golf, and Home Depot. The property is zoned HI, providing flexibility for various business types. The asking price is $5,500,000, representing a price per square foot of $259.31. The current leases have a remaining term of five years, commencing September 5, 2023. This property is offered as a 1031 exchange opportunity. The ownership entity is Orange Grove Center, LLC. This is a rare opportunity to acquire a high-performing retail asset in a thriving Tucson location.