4501 Speedway BlvdTucson, AZ 85712

Property Details for 4501 Speedway Blvd

Year built

1947

Construction

FRAME

Lot size

0.45 AC

Property size (Sq ft)

1,656 SF

Property type

Office properties

Property subtype

Other office properties

APN

122-12-015C

APU

12212015C

Description

This exceptional investment opportunity presents a brand-new, 1,490 square foot Take 5 Oil Change located at a high-visibility hard corner on Speedway Boulevard in Tucson, Arizona. Built in 2023, this single-tenant property boasts a 15-year absolute triple-net (NNN) lease with a prominent franchisee, guaranteeing zero landlord responsibilities. The lease includes a 10% rent increase every five years, ensuring consistent income growth. The property sits on a 0.45-acre lot with 8 parking spaces and benefits from a robust 91,800 vehicles per day traffic count on Speedway Boulevard. The tenant, a rapidly expanding operator with plans to reach 50+ locations by the end of 2024, provides a full-term lease guaranty. The property's strategic location is proximate to a Sprouts-anchored shopping center, numerous auto-related businesses, and major transportation arteries, including I-10 and I-19. The strong demographics, with over 178,400 residents within a 10-minute drive boasting an average household income exceeding $70,000, further enhance the investment's appeal. The current Net Operating Income (NOI) is $134,875, yielding a 6.00% cap rate at the asking price of $2,248,000. Six, five-year lease options are available. This is a turnkey investment with significant long-term growth potential in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $286,693

  6.5%

  $264,640

  7%

  $245,737

• Comparable approach

  Method

  Valuation

  Relative Method

  $275,558

  Geo Method

  $275,558

• Alternative Use

  Use

  Valuation

  Residential

  $328,154

  Hospitality

  $300,587

  Educational

  $250,085

  Medical

  $258,686

  Retail

  $389,021

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2366

Longitude

-110.897

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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