Tucson Retail for Sale - Central Tucson

Marcus & Millichap is pleased to present for sale Shake Shack Anchored 3 Tenant NNN in Tucson, AZ. The property is 100 percent leased by Shake Shack, Reformed Pilates, and Paris Baguette. 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 Subtype:

Storefront

Date on Market:

2026-08-17

Tucson Retail for Sale - Central Tucson

• Recently signed a brand new 15-year lease with 8 (5-year) options to extend • Ground Lease is corporate signed by Circle K Stores Inc. • Features 7.5% rental increases every 5 years through the initial term and at the beginning of each option, growing NOI and hedging against inflation

Property Subtype:

Service Station

Date on Market:

2026-07-27

Tucson Retail for Sale - Central Tucson

?Single-tenant First Watch investment opportunity featuring an absolute triple-net (NNN) ground lease with ±3 years of term remaining and 10% rental increases every 5 years through the three (3), five (5) year options. ?First Watch exercised their first option in 2024, showcasing their success at and commitment to this location. ?First Watch (NASDAQ: FWRG) is the fastest growing full-service restaurant brand with ±648 restaurants across ±32 states and plans for ±2,200 restaurants nationwide. In full-year 2025, First Watch reported total revenues of $1.2 billion, a 20.3% increase year-over-year, with same-restaurant sales growth of 3.6%. ?The Property is an outparcel to Crossroads Festival, a ±147,905 SF shopping center anchored by Fry's (Kroger), RoadHouse Cinemas, Roadies Bowling Alley, Outback Steakhouse, PNC Bank, Chipotle, and more. ?The Property has excellent frontage and visibility on E Grant Rd (±39,194 VPD) and is just off the signalized intersection with N Swan Rd (combined ±75,869 VPD) (Source: ADOT, 25). ?A Trader Joe's and PetSmart anchored shopping center is across the street. ?Tucson Medical Center (±3,000 employees and ±600 beds) and Pima Medical Institute (±2,619 students) are ±3 minutes east. ?Rincon High School (±1,217 students) and Catalina High School (±614 students) are ±7 minutes away (Source: US News). ?Texas Instruments' Tucson Office (±330 employees) is ±8 minutes south (Source: Real Estate Daily). ?This location boasts a dense 3-mile population of ±100,600 and employee base of ±61,777 (Source: Esri).

Property Subtype:

Restaurant

Date on Market:

2026-07-13

Tucson Retail for Sale - East Tucson

The tenant, a “By the Bucket” franchisee, signed a 10-year lease with 2 (5-year) options to extend. Rent increases 10% starting July 1, 2027 providing near term NOI growth for a new owner. The lease features a personal guaranty from the franchisee. Please do not disturb tenant.

Property Subtype:

Restaurant

Date on Market:

2026-06-25

Tucson Retail for Sale - East Tucson

Dutch Bros is a high growth operator and franchisor of drive-thru shops that focus on serving high quality, handcrafted beverages with unparalleled speed and superior service. Dutch Bros stock is traded on the NYSE under the symbol BROS. 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.

Date on Market:

2026-06-16

Tucson Retail for Sale - Southwest Tucson

Ideal owner/user opportunity! Property is positioned in a highly trafficked Tucson retail corridor at I-19/Ajo Way in the Santa Cruz Plaza. Property is a former CVS and benefits from prominent retailers also in the Shopping Center including Fry’s Food Stores, Dress Code & Boot Barn. Property Highlights include: • Fire Suppression System Installed • Exterior Fencing, Stainless Steel Security Bars & Security Door (2020) • Ample On-Site Parking & Functional Site Layout • Loading Dock • Monument sign panels on multiple signs Property is vacant and also available for lease

Property Subtype:

Freestanding

Date on Market:

2025-12-28

Tucson Office for Sale - East Tucson

The property is positioned at a 6.5% cap rate, supported by five key valuation factors: a credit-backed anchor tenant in Blue River PetCare/Partners Group, an NNN lease structure with minimal landlord obligations, a 10-plus year lease term providing long-term stability through 2030 with automatic renewal options, a prime corridor location, and a stabilized market position. Together, these fundamentals present investors with a low-management, income-stable asset backed by an institutional-quality tenant

Property Subtype:

Medical

Date on Market:

2026-05-15

Tucson Retail for Sale - Central Tucson

Property Subtype:

Storefront Retail/Office

Date on Market:

2026-04-23