3754 S 16TH Avenue Tucson, AZ 85713
2.29 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Santa Cruz Plaza
MLS Listing ID 6960844
Year Built 1986
Annual Tax Amount $19,229
Tax Year 2024
Lot Size 2.290 Acres
Acres 2.29
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Discover a lucrative investment opportunity at 3754 S 16th Ave, Tucson, AZ 85713. Priced at $3,775,000 with a solid NNN leased 6% cap rate, this property offers stability and growth potential in the heart of Tucson.
Key Features:
Tenant Stability: The retail space is leased to a longstanding tenant with 35 years of business history, ensuring reliable rental income.
Size and Flexibility: Spanning 30,000 square feet, the property includes ample space for retail operations and future growth.
Owner-Occupier Potential: Investors have the option to owner-occupy, leveraging the property's strategic location and functional layout.
Convenient Location: Situated within a bustling shopping center, the property boasts nearly unlimited asphalt Investment Opportunity in Tucson, AZ
Prime Retail Property with Established Tenant
Discover a lucrative investment opportunity at 3754 S 16th Ave, Tucson, AZ 85713. Priced at $3,775,000 with a solid NNN leased 6% cap rate, this property offers stability and growth potential in the heart of Tucson.
Key Features:
Tenant Stability: The retail space is leased to a longstanding tenant with 35 years of business history, ensuring reliable rental income.
Size and Flexibility: Spanning 30,000 square feet, the property includes ample space for retail operations and future growth.
Owner-Occupier Potential: Investors have the option to owner-occupy, leveraging the property's strategic location and functional layout.
Convenient Location: Situated within a bustling shopping center, the property boasts nearly unlimited asphalt parking, enhancing customer accessibility and convenience.
Modern Infrastructure: Interior features include updated restrooms, efficient HVAC systems, a well-equipped storefront, and convenient loading docks, catering to diverse retail needs.
Investment Highlights:
NNN Lease: Enjoy the benefits of a NNN lease structure, where the tenant covers property taxes, insurance, and maintenance costs, minimizing landlord responsibilities.
Stable Income: Benefit from a secure income stream backed by a reputable tenant in a thriving retail environment.
Strategic Potential: With potential for owner-occupation, investors can capitalize on both rental income and operational flexibility.
Community Connectivity: Located in a vibrant commercial area, the property offers high visibility and accessibility, driving foot traffic and enhancing retail potential.
Ideal for Investors Seeking:
Long-Term Value: With a strong tenant history and favorable lease terms, this property promises enduring value and income stability.
Expansion Opportunities: Expand your portfolio in Tucson's dynamic retail market, leveraging the property's prime location and tenant credibility.
Diverse Investment Strategies: Whether seeking passive income or an owner-operated retail space, this property accommodates various investment goals.
Don't miss out on this exceptional retail investment opportunity in Tucson.
Location
State AZ
County Pinal
Community Santa Cruz Plaza
Area Pinal
Zoning TBD
Interior
Heating Heat Pump, 2 or More Units
Cooling Heat Pump
Flooring Carpet
Exterior
Parking Features Parking Lot, Paved, Free
Fence Chain Link
Roof Type Foam
Private Pool No
Building
Dwelling Type Other (See Remarks),Commercial
Sewer Public Sewer
Water City Franchise, Master Meter
New Construction No
Others
Senior Community No
Tax ID 119-18-093-A
Disclosures Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
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