Cañada Crossroads

Highlights:

• HIGH-QUALITY SUBURBAN RETAIL CENTER: Located in the affluent Oro Valley submarket—recognized for high household incomes and strong demographics—this ±25,847 SF center is positioned on a ±4.25-acre parcel with excellent visibility and access.
• STRONG OCCUPANCY WITH IMMEDIATE UPSIDE AND VALUE-ADD: Currently 90.7% occupied, the center offers near-term upside potential through lease-up of ±2,400 SF of vacant space and below-market rents on several units. There is also an opportunity to stabilize two month-to-month leases and increase rents.
• RECENT IMPROVEMENTS: The property has undergone recent improvements including a recoat and reseal of both roofs, stucco repairs, fresh coat of paint on the entire center, new paint on all the light poles, refresh of all tenants’ signs (to be completed), and three brand-new monument signs (to be completed).
• DIVERSE & SERVICE-ORIENTED TENANT MIX: The center features a balanced mix of neighborhood-serving tenants including medical, food, fitness/health , and professional services , promoting long-term stability.
• SHADOW ANCHOR AND VISIBILITY: Cañada Crossroads is shadow anchored to Frys Food Stores (Kroger) as it is directly north of the center and is a major traffic-driving grocer in the region and serves as a primary retail anchor for the surrounding trade area.
• ATTRACTIVE CASH FLOW WITH BUILT-IN RENT GROWTH: Annualized base rent of $450,645 with tenants on net leases and structured rent escalations, providing growing income over time. Current net operating income (NOI) is $430,179.
• CAP RATE & PRICING GUIDANCE: Offered at $5,850,000, representing a cap rate of 7.35% and $226 per SF, competitive within the Tucson retail market.
• AFFLUENT TRADE AREA: Average household incomes exceed $112,300 within a 1-mile radius, with continued growth projected across 1-, 3-, and 5-mile radius—supporting tenant demand and rent stability.
• LONG-TERM TENANCY & LEASE HISTORY: Several tenants have operated at the center for 10+ years, demonstrating strong location loyalty and operational success. Leases include renewal options and embedded escalations.

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