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Investment Highlights

  • More Than 11 Years Remaining on an Absolute Triple-Net (NNN) Lease
  • Natural Grocers Operates 169 Stores in 21 States
  • 212,214 Residents in Growing Tucson Trade Area
  • Tenant Recently Executed a Five-Year Early Lease Extension, Demonstrating a Strong, Long-Term Commitment to the Site
  • Natural Grocers Reported Record-Breaking Q2 2025 Net Sales of $335.8 Million, a 9 Percent Increase Year-Over-Year
  • Average Household Income Exceeds $128,000 within a One-Mile Radius

Executive Summary

Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is a rapidly expanding specialty retailer of natural and organic groceries and dietary supplements whose products meet strict quality guidelines. As of March 31, 2025, Natural Grocers operates approximately 169 stores in 21 U.S. states, with plans to open between 4 and 6 new stores in 2025 and relocate or remodel between two and four stores.
Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business. Over the next five years, the metro is projected to add roughly 37,000 new residents.

Property Facts Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
15,100 SF
Building Class
B
Year Built
2016
Price
$8,576,556 CAD
Price Per SF
$567.98 CAD
Cap Rate
6.25%
NOI
$536,035 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.66 AC
Frontage
516’ on E River Rd

Amenities

  • Pylon Sign
  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Natural Grocers is a U.S.-based grocery retailer specializing in natural and organic foods, dietary supplements, and eco-friendly household products. It runs a network of stores across multiple states, offering a curated selection of organic produce, natural body care, pet products, and nutritional education resources. The company emphasizes sustainability and affordability, maintaining strict product quality standards and providing educational programs to promote healthy lifestyles. Natural Grocers is publicly traded on the New York Stock Exchange under the ticker symbol NGVC. Over the decades, the brand has grown from a family-run business into a recognized name in the natural grocery sector, continuing to expand its footprint while supporting community health initiatives.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100

Nearby Major Retailers

Orangetheory Fitness
Whole Foods Market
Chase
Wells Fargo
Everbowl
Blake's Lotaburger

Property Taxes

Property Taxes

Parcel Number
109-22-4460
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$501,490 CAD
  • Listing ID: 38066403

  • Date on Market: 2025-10-14

  • Last Updated:

  • Address: 5600 E River Rd, Tucson, AZ 85750

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