0 Sec Cor Of Grant Rd And Campbell AveTucson, AZ 85719

Property Details for 0 Sec Cor Of Grant Rd And Campbell Ave

Year built

2024

Lot size

1.05 AC

Property size (Sq ft)

2,400 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple interest in a newly constructed Starbucks located at the hard corner of Grant Road and Campbell Avenue in Tucson, Arizona. The 2,400 square foot building, constructed in 2024, features a drive-thru and sits on a 1.05-acre lot with 22 parking spaces. The property benefits from a strong location near the University of Arizona and University Medical Center, serving a dense population with high average household income. The current tenant, Starbucks Corporation, holds a 10.1-year lease (expiring June 30, 2034) with four 5-year renewal options, providing long-term stability. The lease includes 10% rent increases every five years, ensuring consistent NOI growth and inflation protection. The property boasts a 5.50% cap rate and a current NOI of $231,000, making it an attractive, low-management investment. The property is zoned C-1 Commercial and has excellent visibility and access from a major retail thoroughfare with over 90,000 vehicles passing daily. This NNN lease with a corporate guarantee minimizes landlord responsibilities, making it ideal for passive investors seeking a secure, high-return investment. The property's proximity to the University of Arizona and the University Medical Center, combined with the strong demographics of the 5-mile trade area, ensures long-term tenant viability and investment value. The asking price is $4,200,000.

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2502

Longitude

-110.944

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