REIT Sale | Former Rent-A-Wheel | Retail/Flex Building | 45K VPD

Highlights:

• 6,676 SF Value-Add Retail (Former Rent-A-Wheel) available at Significant Discount Below Replacement Cost
• 45,970 VPD Traffic Counts on S Alvernon Way and Near Signalized Intersection with 14,181 VPD on E 32nd St
• Demand Drivers Nearby: DM Air Force Base, Reid Park; 12-min to University of Arizona; 15-min to Tucson International Airport
• Neighboring National Retailers: Walgreens, 7-Eleven, Taco Bell, U-Haul, Eegee’s, and more
• Attractive Demographics with 3-Mile Population of ±79,206 People with Annual Household Income of $64,461
• Zoning: C-2, Commercial District, allowing Flexibility and a Variety of Permitted Uses

Description:

Ri Marketplace Online Auction March 2-4, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/2975/reit-sale-former-rent-a-wheel-retail-flex-building-45k-vpd?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2975

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 2106 S Alvernon Way in Tucson, AZ 85711 (the “Property”). Formerly occupied by RENT-A-WHEEL, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible commercial property within a dense submarket at a substantial discount. FIRST BID MEETS RESERVE!

Built in 1986 of concrete block construction with steel roof beam support and an insulated flat roof, the Property consists of a one-story retail building totaling ±6,676 square feet situated on a ±0.489-acre parcel (±21,287 SF). The site features 20 surface parking spaces and excellent accessibility with two points of ingress/egress and approximately 166 feet of frontage along S Alvernon Way (±45,970 VPD), just south of the signalized intersection with E 32nd Street (±14,181 VPD), ensuring strong visibility and convenient access. The building is configured with a front retail and customer service area and a rear service component featuring four (4) service bays accessed via two (2) double-width overhead doors. Interior ceiling heights reach approximately 16’ feet in the service and stock areas and ±12’ feet in the retail portion, offering functional flexibility for a wide range of commercial, automotive, or service-oriented users. Previously occupied on a NNN lease, the Property presents a compelling value-add opportunity for an owner/user or investor to reposition and lease at long-term market rates (CoStar estimated retail rents: $16-20/SF NNN). Zoned C-2, Commercial, the site accommodates a broad range of commercial, industrial, and flex uses, enhancing long-term re-tenanting and redevelopment potential.

The Property is situated in central Tucson within Pima County, less than 10-minutes from Downtown Tucson and ±15-min from Tucson International Airport (TUS). The site benefits from strong regional connectivity via Interstate 10, which links Tucson to Phoenix (±115-mi northwest), Southern California, and cross-border trade routes with Mexico, reinforcing the city’s role as a key logistics and employment hub in Southern Arizona. S Alvernon Way serves as a major north–south arterial corridor, supporting steady daily commuter traffic and direct access to surrounding residential neighborhoods, retail corridors, and employment centers. The Property occupies a highly visible infill location serving both neighborhood residents and daily commuter traffic within an established urban corridor characterized by dense residential development and long-standing commercial uses. The Property is located ±5-mi from the University of Arizona, which enrolls more than 50,000 students and employs over 16,000 faculty and staff, and ±6-mi from Davis-Monthan Air Force Base, one of the region’s largest and most stable employment anchors. The Property serves a robust demographic base with ±79,206 within ±3-mi and more than 285k residents within ±5-mi. This strong consumer base, combined with Tucson’s ongoing growth and regional connectivity, reinforces the Property’s long-term value.


The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

Documents: