$2,307,692
Commercial Property for Sale in Sierra Vista Arizona 85635
Sierra Vista, Arizona
Soft OfferCommercial Property for Sale in Tucson Arizona 85704
1987 W River Rd, Tucson, Arizona 85704
$2,788,973
$1,162 / sq ft 5.65% cap rate Listed Oct 14, 2024
2,400 sqft
Building
2,400 sqft
Lot
2024
Built
1
Stories
1
Units
Class A
Class
About this property
Commercial Property for Sale in Tucson Arizona 85704 is a retail for sale in Tucson, Arizona, listed at $2,788,973. Key details: year built 2024, building size 2,400 sqft, lot size 2,400 sqft, stories 1. Listed by Tim Westfall of Echo West Capital Advisors on LoopingCloud and last updated October 14, 2024.
This is an exceptional, management-free investment featuring a rare 20-year absolute NNN lease with Filiberto’s, a fast-growing and well-known Mexican food QSR brand. Enjoy passive income with 10% rental increases every 5 years, ensuring strong long-term returns.
Strategically located near Northwest Medical Center, a major hospital in North Tucson, this newly constructed 2024 drive-thru prototype boasts excellent street frontage on River Road, with high traffic exposure from over 56,000 vehicles daily. Situated in a dense submarket with over 180,000 residents within 5 miles, this property offers unbeatable real estate fundamentals.
With a personal guaranty from one of Filiberto’s founding members, this investment offers stability and growth potential, backed by a brand with staying power that has never closed a location. An ideal opportunity for a hands-off investor seeking secure, long-term income in a booming Tucson market.
Key highlights
- Net Lease Investment
- Filiberto's Mexican Food
- 20 years
- Lease Options 2,5-Year Options
- Lease Type Absolute NNN
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 2024
- Building Size
- 2,400 sqft
- Lot Size
- 2,400 sqft
- Stories
- 1
- Total Units
- 1
- Building Class
- Class A
- Property Status
- Normal Sale
- Building Status
- Existing
- Net Lease Investment
- Yes
Pricing details
- Net Operating Income
- $157,577
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
5.65%
Cap rate
$157,577
Net operating income
$1,162
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $2,788,973 | 5.65% | - | - | - |
Features and amenities
Prominent Tenants
- Filiberto's Mexican Food
- 20 years
- Lease Options 2,5-Year Options
- Lease Type Absolute NNN
Highlights
- Rare long-term 20-year lease with attractive 10% increases every 5 years through the initial term and option periods.
- The tenant will benefit from its immediate proximity to a regional hospital in North Tucson, Northwest Medical Center, a 290-bed campus that employees over 1,600 people on a daily basis and the I-10 Freeway is located conveniently just a few miles to the
- The offering features an absolute NNN lease structure with zero landlord responsibilities making this an ideal, hands-off investment for any prospective buyer.
- his long term lease is guaranteed personally by one of Filiberto’s original founding members. This QSR brand has become a well known brand in the Arizona community and has achieved long term staying power having never closed a store since its inception.
Location
Address as shown by the lister.
Get directionsAbout this area - Tucson
- Population
- 26,869
- Housing units
- 13,091
- Land area
- 14.8 sq mi
- County
- Pima
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Property documents
1 file to downloadFrequently asked questions
What is the asking price of Commercial Property for Sale in Tucson Arizona 85704?
Commercial Property for Sale in Tucson Arizona 85704 is listed at $2,788,973. That works out to about $1,162 per square foot. The stated cap rate is 5.65%.
Where is Commercial Property for Sale in Tucson Arizona 85704 located?
The property is in 1987 W River Rd, Tucson, Arizona 85704, Pima County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 2,400 sqft. The lot is 2,400 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Tim Westfall of Echo West Capital Advisors listed this property. Use the Request Info button to send a message or call (602) 628-6298.
When was this listing published?
It was published on October 14, 2024 and last updated on October 14, 2024.
Listing information
- Listing ID
- CL-Arizona-12421
- Published
- Oct 14, 2024
- Last updated
- Oct 14, 2024
- Views
- 225
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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.
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