4676 Grant RdTucson, AZ 85712

Property Details for 4676 Grant Rd

Year built

1973

Lot size

0.12 AC

Property type

Turn key restaurants

APN

122-01-006B

APU

12201006B

Description

This exceptional investment opportunity presents a 2,232 square foot, freestanding retail building located at 4676 E Grant Rd, Tucson, AZ 85712. The property boasts a prominent, high-traffic corner location on a busy intersection, with approximately 70,000 cars passing daily. The building is situated on a 19,378 square foot lot and features a dual-branded drive-thru concept, housing a Tropical Smoothie Cafe and Jeremiah's Italian Ice. A brand new ten-year lease is in place, with two five-year options to extend, offering significant long-term stability. The lease is an absolute NNN lease, meaning the tenant is responsible for all property expenses including taxes and insurance, minimizing landlord responsibilities. The property benefits from a strong NOI of $194,331, resulting in a 6.50% cap rate. The building was constructed in 1993 and has undergone recent renovations. The property is zoned C-1 by the City of Tucson and enjoys excellent visibility due to its location and a large digital monument sign. Surrounding the property are numerous major retailers, including Fry's Food and Drug, Starbucks, Chipotle, and more, further enhancing its desirability and potential for continued success. This investment offers a compelling combination of strong tenant occupancy, a prime location, and a favorable lease structure, making it an attractive addition to any portfolio. The property's APN is 122-01-006B

• CAP approach

  CAP return

  Valuation

  6%

  $1,306,563

  6.5%

  $1,206,058

  7%

  $1,119,912

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,152,830

  Geo Method

  $2,152,830

• Alternative Use

  Use

  Valuation

  Residential

  $1,017,355

  Hospitality

  $931,892

  Educational

  $775,323

  Medical

  $801,988

  Retail

  $1,206,058

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2503

Longitude

-110.893

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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