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2545 E Speedway Blvd 7,917 SF 100% Leased Retail Building Tucson, AZ 85716 $4,641,947 CAD ($586.33 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Speedway Shops is 100% leased to a cohesive roster of internet resistant, service-oriented tenants
- Strong historic occupancy with half of the tenants having occupied the space for more than 10 years or more
- Proximity to Banner University Medical Center Tucson, named Best Regional Hospital by U.S. News and World Report, with ±649 beds
- Scheduled rental escalations throughout the initial lease terms and remaining option periods
- Less than 1/2 mile from the University of Arizona with over 54,000 total students and 5,200 staff
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,917 SF
Building Class
C
Year Built
1997
Price
$4,641,947 CAD
Price Per SF
$586.33 CAD
Cap Rate
6.25%
NOI
$290,100 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.73 AC
Zoning
C-1 - C-1, Tucson. Low-intensity, commercial and other uses compatible with adjacent residential uses.
Parking
56 Spaces (7.07 Spaces per 1,000 SF Leased)
Frontage
300’ on Speedway Blvd
Amenities
- Bus Line
- Restaurant
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 123-08-082A | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $185,319 CAD |
Property Taxes
Parcel Number
123-08-082A
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$185,319 CAD
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2545 E Speedway Blvd
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