5550 E Grant Rd
Tucson, AZ 85712
Retail Property For Sale

The subject property, Ross Dress for Less located at 5550 E Grant Road in Tucson, Arizona, is offered at an asking price of $4,400,000. The asset consists of a 25,798-square-foot single-tenant retail building situated on a 2.47-acre parcel at the signalized southwest corner of Grant Road and Craycroft Road, an intersection benefiting from approximately 68,000 vehicles per day. The property is leased to Ross Dress for Less, a publicly traded, investment-grade tenant (NASDAQ: ROST), under a triple-net (NNN) lease structure, providing minimal landlord responsibilities and stable cash flow.
Ross has occupied the subject property since 2007 and recently exercised its second renewal option, demonstrating long-term commitment to the location. The current lease expires January 31, 2028, with approximately 2.5 years of remaining term and two additional five-year renewal options. The lease features 10% rental increases every five years. Financially, the investment offers a 42-month annualized NOI of $305,410 (6.94% blended cap rate), with a full-rent annualized NOI of $394,967 (8.98% cap rate).
The property is positioned within a dense and established retail corridor, near major national tenants including Costco, Target, Trader Joe’s, and Chick-fil-A, and is adjacent to Tucson Medical Center, a 1.5 million square foot hospital campus. Additionally, the site benefits from proximity to the affluent Catalina Foothills submarket, supporting strong consumer demand.