13864 Sandario RdMarana, AZ 85653

  • Strip malls
  • 5,764 SF
For Sale
$4,950,000 View listing
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Property Details for 13864 Sandario Rd

Year built
2020
Construction
FRAME
Lot size
0.96 AC
Property size (Sq ft)
5,764 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
217-28-037A
APU
21728037A

Description

This exceptional 8,450 square foot, Class A retail center in Marana, Arizona, presents a compelling investment opportunity. Located at 13864 & 13892 N Sandario Road, this property boasts a prime location at a major I-10 interchange, experiencing high daily traffic volume. The center is 100% occupied by three tenants: Starbucks (with drive-thru), Bisbee Breakfast Club, and Apex Network Physical Therapy, offering a diverse mix of food and beverage, and healthcare services. Built in 2021, the two-building complex sits on a 0.96-acre lot with ample parking (45 spaces). All three tenants are under absolute NNN leases with 10-year initial terms and built-in rental increases, minimizing landlord responsibilities and maximizing return. The property features a strong tenant mix, excellent visibility, and is situated within a rapidly growing area of Marana, known for its high average household income exceeding $100,000 within a one-mile radius. This fee-simple investment offers significant potential for NOI growth, projected at 12% over five years and 25% over eleven years, making it an attractive addition to any portfolio. The property's zoning is designated for retail trade.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,338,849
    6.5%
    $1,235,861
    7%
    $1,147,585
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,417,006
    Geo Method
    $2,417,006
  • Alternative Use

    Use
    Valuation
    Residential
    $1,042,495
    Hospitality
    $954,920
    Educational
    $794,482
    Medical
    $821,805
    Retail
    $1,235,861

Location Insight

City
Marana
County
Pima
State
Arizona
Latitude
32.4592
Longitude
-111.217
CBSA code
46060
CBSA name
TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$112,998
$38,480
$151,478
-
$627,765
$213,779
$841,544

FAQs

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