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Cortaro Crossing

$1,920,000

7730 North Cortaro Road, Tucson, AZ 85743

Active
Last Updated: 11/05/2024

6.8

Cap Rate

130,476

NOI

Details:
Cap Rate:    6.8%
NOI:    $130,476
Building Size:    7,758 sqft
Lot Area:    0.9 acres
Year Built:    2007
Description:

• All Leases are on a Triple-Net Basis, making the property less management intensive.
• Long term tenants. All Tenants have occupied the property for over 10 years with several extensions showing a long-term commitment to the location.
• Subject property benefits from excellent demographics with 38,000 residents in a 3-mile radius and an average household income of $130,000.
• Cortaro Crossing is located in a densely populated residential corridor with over 15,000 homes within a 3-mile radius providing consistent visitors and customers.
• Annual consumer spend of $611M in a 3-mile radius.
• Property is adjacent to major retailers such as Fry’s Food and Drug (Kroger), Auto Zone, Walgreens, CVS, Ace Hardware, and Walmart.
• Domino’s Pizza ranks in the 62nd percentile for Domino’s in Arizona and has over 30,000 customer visits per year according to Placer AI reporting.
• Located just one mile from I-10, this property sees ±28,000 vehicles per day

Map:
Documents:
Title
Offering Memorandum
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Location
Gallery