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13251809
13251811

7251 S Cardinal Ave, Tucson, AZ 85746

TD
LC560763000, AZ 006367000
ArizonaFirst Properties
Listed by ArizonaFirst Properties
$1,590,000
969 days on market
Updated 93 days ago

REDEVELOPMENT OPPORTUNITY!

Details
APN 138-25-6070
Property Type Retail
Sub Type Shopping Center
Square Footage 75,359
Net Rentable (SqFt) 17,244
Units 13
Cap Rate 6.1%
NOI $97,000
Occupancy 100%
Tenancy Multi
Lease Type Modified
Broker Co-Op Yes
Class C
Buildings 4
Stories 1
Acreage 1.730
Zoning CB2-H Pima County
Parking Spaces 13 spaces
Parking Per SqFt 0.17
Investment Type Stabilized
Tenant Credit No Credit Rating
Ownership Fee Simple LLC

Retail | 6.10% CAP | 75,359 SqFt

Marketing description

Redevelopment Opportunity! All buildngs are Modular and not affixed to the land. Small retail center in unique location that would be hard to out position. Located at the NEC of Cardinal and Los Reales Rd, this unique property is usually 100% occupied by businesses serving the local residents. Property is flanked by a Circle K on the West and a recent Family Dollar on the East. Rents are fifteen to twenty per cent below market. Many tenants are long term. Property improvements are asphalt paving, water, sewer, electricity and fencing. Units are individually metered. Family owned since 1999. Below Market Rents for value-add opportunity. Area is rapidly growing. 4 Miles from Star Valley, a 1,400 acre master planned community for 7,000 homes. Several National homebuilders are actively constructing homes.


This is a Unique opportunity to redevelop (No Demolition expense) or use as is. Seller will cooperate with Buyer to utilize a 1031 Tax Deferred Exchange if buyer would need buildings affixed.

Cell Tower does not convey


Investment highlights

REDEVELOPMENT OPPORTUNITY!

Seller Financing

Below Market Rents

Stable Tenant Base

Excellent Local Traffic Corner

Flanked by Circle K and Family Dollar

Complete Rent Roll and Financials provided with Non-Disclosure Agreement

Creative Seller for 1031 buyers-Will affix structures to land.

Redevelop or use as is

Listing Contacts

TD
LC560763000, AZ 006367000
ArizonaFirst Properties
Listed by ArizonaFirst Properties

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$97,000.00
$8,083.33/mo

Valuation Metrics

0
DSCR
6.1%
Cap Rate
6.1%
ROI

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