1620 Tucson Marketplace BlvdTucson, AZ 85713
- Retail properties
- 1,698 SF
Property Details for 1620 Tucson Marketplace Blvd
- Year built
- 2024
- Lot size
- 0.51 AC
- Property size (Sq ft)
- 1,698 SF
- Property type
- Retail properties
Description
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.
Location Insight
- City
- Tucson
- County
- Pima
- State
- Arizona
- Latitude
- 32.1825
- Longitude
- -110.947
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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