12140 Dove Mountain BlvdMarana, AZ 85658

Property Details for 12140 Dove Mountain Blvd

Year built

2006

Construction

FRAME

Lot size

0.72 AC

Property size (Sq ft)

4,719 SF

Property type

Banks

APN

218-55-5680

APU

218555680

Description

This exceptional investment opportunity presents a 4,692 square foot Wells Fargo Bank located at 12140 N Dove Mountain Blvd, Marana, AZ 85658. The property is situated on a 0.71-acre lot and features a 25-year absolute triple-net (NNN) ground lease with a remaining term of approximately 6.9 years, expiring October 31, 2031. The lease commenced November 1, 2006, and includes 10% rent increases every five years, with the next increase scheduled for November 1, 2026. This will boost the current 5.75% cap rate to 6.05% at the asking price of $1,944,000 ($414.32/sq ft). The property boasts a strong NOI of $111,804 and 100% occupancy. The building was constructed in 2006 and benefits from a dense trade area, with over 56,658 residents within a 5-mile radius in the Tucson MSA. Marana is experiencing rapid growth, with projected household and population increases exceeding 7% by 2028. High traffic counts exceeding 27,600 vehicles daily are observed at the nearby intersection of West Tangerine Road and North Dove Mountain Boulevard. The lease also includes three, five-year renewal options, providing long-term stability and significant upside potential. This is a compelling investment opportunity in a high-growth area with a creditworthy tenant and attractive financial metrics.

• CAP approach

  CAP return

  Valuation

  6%

  $1,070,752

  6.5%

  $988,386

  7%

  $917,787

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,978,809

  Geo Method

  $1,978,809

• Alternative Use

  Use

  Valuation

  Residential

  $833,741

  Hospitality

  $763,702

  Educational

  $635,391

  Medical

  $657,243

  Retail

  $988,386

Location Insight

City

Marana

County

Pima

State

Arizona

Latitude

32.4275

Longitude

-111.08

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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