Listed by Phoenix Commercial Advisors
$3,331,000
SPEEDWAY SHOPS
Details
APN 123-08-082A
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 7,917
Cap Rate 6.25%
NOI $208,197
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Year Built 1997
Acreage 0.730
Ground Lease No
Retail | 6.25% CAP | 7,917 SqFt
Investment highlights
INVESTMENT HIGHLIGHTS
- Speedway Shops is 100% leased to a cohesive roster of internet resistant, service-oriented tenants
- Scheduled rental escalations throughout the initial lease terms and remaining option periods
- Strong historic occupancy with half of the tenants having occupied the space for more than 10 years or more; Papa Johns has been at the property for 20 years
- Future upside from rent growth: the majority of tenants are gross leases with no remaining options, providing upside by transitioning to true NNN leases to reduce slippage and in bumping rents
LOCATION HIGHLIGHTS
- Less than ½ mile for the University of Arizona with over 54,000 total students and 5,200 staff
- Proximity to Banner University Medical Center Tucson, named Best Regional Hospital by U.S. News and World Report, with ±649 beds and one of the largest employers in the trade area
- Excellent access and visibility from Speedway Boulevard, a major east-west Tucson thoroughfare with over 42,000 vehicles per day
- Dense residential neighborhoods surround the property with over 277,000 residents within a 5-mile radius
- Average household income is over $101,000 within 1 mile of the property
- Food away from home consumer spending in 2025 was over $346 million within 5 miles
Listing Contacts
Listed by Phoenix Commercial Advisors
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$208,197.00
$17,349.75/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
Map
Zoning
C-1 CommercialGeneral CommercialCommercial
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 112 uses
View all 112 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?











