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New 10-Year Net-Leased Drive-Thru Investment 6960 E 22nd St 2,400 SF Retail Building Tucson, AZ 85710 $4,357,993 CAD ($1,815.83 CAD/SF) 4.76% Cap Rate
Investment Highlights
- New 10 years Lease with two 5 years options.
- 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
- Former Starbucks with Drive-Thru – Proven high-performing retail location
Executive Summary
This is a rare opportunity to acquire a freestanding retail building with a drive-thru located at a signalized, high-traffic intersection in Tucson, Arizona. Formerly occupied by Starbucks, the property features a functional drive-thru configuration, ample parking, and outstanding visibility.
The property is fully leased under a new 10-year lease with two (5 years each) renewal options, providing stable long-term income. The tenant is currently completing tenant improvements and is expected to open for business by the end of this year.
Strategically located along E. 22nd Street with traffic counts exceeding 40,000 vehicles per day, the property benefits from excellent visibility, strong demographics, and a well-established retail corridor. The site offers convenient ingress and egress, a proven retail location, and exceptional consumer exposure.
This offering presents an outstanding opportunity for investors seeking a stabilized, income-producing net-leased asset with a long-term tenant in place and future upside through contractual rent increases and renewal options.
The property is fully leased under a new 10-year lease with two (5 years each) renewal options, providing stable long-term income. The tenant is currently completing tenant improvements and is expected to open for business by the end of this year.
Strategically located along E. 22nd Street with traffic counts exceeding 40,000 vehicles per day, the property benefits from excellent visibility, strong demographics, and a well-established retail corridor. The site offers convenient ingress and egress, a proven retail location, and exceptional consumer exposure.
This offering presents an outstanding opportunity for investors seeking a stabilized, income-producing net-leased asset with a long-term tenant in place and future upside through contractual rent increases and renewal options.
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Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
B
Year Built/Renovated
1983/2022
Price
$4,357,993 CAD
Price Per SF
$1,815.83 CAD
Cap Rate
4.76%
NOI
$207,523 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
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 | $224,676 CAD |
Property Taxes
Parcel Number
135-02-134B
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$224,676 CAD
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New 10-Year Net-Leased Drive-Thru Investment | 6960 E 22nd St
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