REIT Sale | Former Burlington | Fry’s (Kroger) Adjacent | 102K VPD

3660 South 16th Avenue, Tucson, AZ

Market Price

Price

76,062 sqft

Building Size

6.67 acres

Lot Area

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Street
Map
Overview
Building Size
76,062 sqft
Lot Area
6.67 acres
Year Built
1990
Parking Spots
407
Description

RI Marketplace Online Auction April 29 – May 1, 2024
Register to Bid on Marketplace:

https://rimarketplace.com/auction/1874/reit-sale-former-burlington-fry-s-kroger-adjacent-102k-vpd?utm_source=brevitas&utm_medium=listing&utm_campaign=retail_1874

Marcus & Millichap and RI Marketplace are pleased to present a vacant, value-add retail opportunity located at 3660 S 16th Ave, Tucson, AZ 85713 in Pima County, Arizona. Formerly occupied by Burlington (vacated February 2024), the property is positioned on a large ±6.67-acre lot. The ±76,062 SF building was built in 1990 and is strategically positioned in a strong retail corridor along Interstate 19 with high visibility to over 102,500 vehicles per day. The offering is co-anchored by Fry's (Kroger), which has over 25% market share, making it the top grocer in Arizona. Other strong tenants in the immediate area include Target, Walmart, Home Depot, Best Buy, Hobby Lobby, PetSmart and many more.

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. As of 2022, the Property’s demographics have ±231,217 individuals residing within a 5-mile radius, with an average household income of ±$54,387.

Lamar P. Fisher, Auctioneer
Fisher Auction Company Inc.

Highlights
  • ± 76,062 Square Foot Anchor Value-Add Opportunity at Excellent Retail Location
  • Co-Anchored by High-Performing Fry's (Kroger) – 71 out of 125 per Placer.ai
  • High Visibility Location Along Interstate-19 (Over 102,500 VPD) and Off of W Ajo Way (22,100+ VPD) and S 16th Ave (15,100+ VPD)
  • Located in Prime Retail Corridor Surrounded by Major Tenants: Fry's (Kroger), Costco, Target, Walmart, Home Depot, PetSmart, Hobby Lobby, and Many More
  • Property is Directly Connected to Downtown Tucson and Tucson MSA, which Attracts Over 2.7 Million Mexican Nationals and $2.6 Billion a Year in Spending Annually
  • Direct Proximity within 5 Miles to Tucson International Airport and within 6.5 Miles to The University of Arizona
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