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6960 E 22nd St 2,400 SF Retail Building Tucson, AZ 85710 $4,423,520 CAD ($1,843.13 CAD/SF) 4.50% Cap Rate
Investment Highlights
- Former Starbucks with Drive-Thru – Proven high-performing retail location
- High Traffic Counts – ±40,000+ vehicles per day along E 22nd Street
- Freestanding Building (±2,400 SF) – Ideal for QSR, coffee, or medical drive-thru users
- Drive-Thru Infrastructure in Place – Significant cost and time savings for new tenant
Executive Summary
This is a rare opportunity to acquire a freestanding retail building with drive-thru located at a signalized, high-traffic intersection in Tucson, Arizona. The property was formerly occupied by Starbucks and features a functional drive-thru layout, ample parking, and excellent visibility.
The property is currently vacant, presenting a strong value-add opportunity for investors or owner-users to reposition the asset and capture market rents. The existing improvements are well-suited for a variety of uses, including coffee, quick-service restaurant (QSR), medical drive-thru, or other retail concepts.
Located along E 22nd Street with traffic counts exceeding 40,000 vehicles per day, the property benefits from strong demographics and established retail surroundings. The site offers efficient ingress/egress, a proven retail location, and high consumer exposure.
This offering is ideal for investors seeking a lease-up opportunity or for users looking to secure a prime retail location with drive-thru capability.
The property is currently vacant, presenting a strong value-add opportunity for investors or owner-users to reposition the asset and capture market rents. The existing improvements are well-suited for a variety of uses, including coffee, quick-service restaurant (QSR), medical drive-thru, or other retail concepts.
Located along E 22nd Street with traffic counts exceeding 40,000 vehicles per day, the property benefits from strong demographics and established retail surroundings. The site offers efficient ingress/egress, a proven retail location, and high consumer exposure.
This offering is ideal for investors seeking a lease-up opportunity or for users looking to secure a prime retail location with drive-thru capability.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$157,588
|
$65.66
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $157,588 |
| Annual Per SF | $65.66 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
B
Year Built/Renovated
1983/2022
Price
$4,423,520 CAD
Price Per SF
$1,843.13 CAD
Cap Rate
4.50%
NOI
$199,058 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.69 AC
Opportunity Zone
Yes
Zoning
C-2 - medium-intensity commercial
Parking
25 Spaces (10.42 Spaces per 1,000 SF Leased)
Frontage
69’ on 22nd St
Amenities
- Signalized Intersection
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 2,400 SF
- Retail
- Outparcel
- May 2026
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,400 SF | Retail | Outparcel | May 2026 |
1st Floor
| Size |
| 2,400 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| May 2026 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 135-02-134B | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $224,654 CAD |
Property Taxes
Parcel Number
135-02-134B
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$224,654 CAD
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6960 E 22nd St
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