6691 Thornydale RdTucson, AZ 85741

Property Details for 6691 Thornydale Rd

Year built

1999

Construction

FRAME

Lot size

0.55 AC

Property size (Sq ft)

5,224 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

101-05-070A

APU

10105070A

Description

This exceptional retail property, located at 6691 N Thornydale Rd, Tucson, AZ 85741, presents a compelling investment opportunity. The 5,244 square foot building sits on a 23,958 square foot lot and boasts a strong 7.00% cap rate, generating a net operating income (NOI) of $114,928. Currently operating under a 10-year NNN lease, the property offers exceptional stability with 100% occupancy. Built in 1986, the building features 23 deeded parking spaces (a 4:1,000 ratio). The property is zoned Heavy Industrial (HI) by the Town of Marna, providing flexibility for future use. Utilities include electricity from TEP, water/sewer from the Tucson Water Department, natural gas from SWG, and telephone/cable from COX. The asking price is $1,640,000, translating to a price per square foot of $313. The property's strong cash flow, desirable location, and flexible zoning make it an ideal addition to any investment portfolio. The APN is 101-05-070A. This is a rare opportunity to acquire a high-performing retail asset in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,274,359

  6.5%

  $1,176,332

  7%

  $1,092,308

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,190,570

  Geo Method

  $2,190,570

• Alternative Use

  Use

  Valuation

  Residential

  $992,280

  Hospitality

  $908,923

  Educational

  $756,213

  Medical

  $782,220

  Retail

  $1,176,332

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.3284

Longitude

-111.047

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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