3805 River RdTucson, AZ 85741

Property Details for 3805 River Rd

Year built

2005

Construction

FRAME

Lot size

2.35 AC

Property size (Sq ft)

21,210 SF

Property type

Retail properties

Property subtype

Strip malls

APN

101-05-1060

APU

101051060

Description

The Shoppes at Orange Grove, a Class A, 21,210 square foot shopping center in Tucson, Arizona, presents a compelling investment opportunity. This stabilized, multi-tenant property boasts six tenants with a 100% occupancy rate and a current NOI of $367,500, yielding a 6.68% cap rate. Built in 2006, the single-story building sits on a 2.35-acre lot and features a NNN lease structure with 3% annual rent bumps, ensuring consistent income growth. The property is strategically located at 3805, 3815, and 3835 W River Rd, Tucson, AZ 85741, offering exceptional visibility and accessibility due to its proximity to Interstate 10, River Road, and Orange Grove Road. The high-traffic area includes nearby retailers such as Costco, Top Golf, and Home Depot. The property is zoned HI, providing flexibility for various business types. The asking price is $5,500,000, representing a price per square foot of $259.31. The current leases have a remaining term of five years, commencing September 5, 2023. This property is offered as a 1031 exchange opportunity. The ownership entity is Orange Grove Center, LLC. This is a rare opportunity to acquire a high-performing retail asset in a thriving Tucson location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,397,782

  6.5%

  $4,982,568

  7%

  $4,626,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,893,947

  Geo Method

  $8,893,947

• Alternative Use

  Use

  Valuation

  Residential

  $4,202,982

  Hospitality

  $3,849,909

  Educational

  $3,203,079

  Medical

  $3,313,238

  Retail

  $4,982,568

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.3213

Longitude

-111.047

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].