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Children's Learning Adventure 2415 N Alvernon Way
13,650 SF Retail Building Tucson, AZ 85712 $9,601,959 CAD ($703 CAD/SF) 6.49% Cap Rate
Investment Highlights
- Hard Corner Location
- Trade Area Co-Tenants including Walmart Neighborhood Market, Sprouts, Starbucks, Whole Foods, Trader Joe’s, VASA Fitness, Chase and many others.
- Heavily Trafficked intersection with over 75,000 vehicles per day.
Executive Summary
The new 13,650 SF facility on a 1.62 -acre lot is located on a hard corn of one of the busiest intersection in Tucson. Grant Road and Alvernon Way traffic counts are 41,860 vehicles per day and 26,600 vehicles per day, respectively. Nearby retailers include Walmart Neighborhood Market, Sprouts, Starbucks, Whole Foods, Trader Joe’s, VASA Fitness, Chase, and many more.
This is an excellent opportunity to purchase a new construction, sing-tenant net leased investment with a new long-term lease, two 5-year option periods, rent increases, and limited landlord obligations, providing years of inflation-resistant income. *All Photos or Renderings are projected and not-current representations.
Tenant Sale-Leaseback
New 15-Year Primary Lease Term
Lease Term Commencing at Close of Escrow
NNN Lease with Minimal Landlord Responsibilities
2 additional 5-Year Option Periods
Annual Rent of $439,633
Property Facts
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Former Walgreens location available for lease. Property consists of 13,650 total square feet of retail space and currently sits on 66,724 square feet of land with the future addition of the hard corner bringing that total to 70,599 square feet.
Space | Size | Space Use | Position | Available |
1st Floor | 13,650 SF | Retail | Outparcel | Now |
1st Floor
Size |
13,650 SF |
Space Use |
Retail |
Position |
Outparcel |
Available |
Now |
1st Floor
Size | 13,650 SF |
Space Use | Retail |
Position | Outparcel |
Available | Now |
Former Walgreens location available for lease. Property consists of 13,650 total square feet of retail space and currently sits on 66,724 square feet of land with the future addition of the hard corner bringing that total to 70,599 square feet.
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 111-08-164D | Improvements Assessment | $0 CAD |
Land Assessment | $0 CAD | Total Assessment | $297,732 CAD |
PROPERTY TAXES
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Children's Learning Adventure | 2415 N Alvernon Way
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