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31855435
33868411

2545 East Speedway Boulevard, Tucson, AZ 85716

JS
AZ BR512679000
Phoenix Commercial Advisors
CT
AZ SA536326000
Phoenix Commercial Advisors
Listed by Phoenix Commercial Advisors
$3,331,000
66 days on market
Updated 4 days ago

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

JS
AZ BR512679000
Phoenix Commercial Advisors
CT
AZ SA536326000
Phoenix Commercial Advisors
Listed by Phoenix Commercial Advisors

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$208,197.00
$17,349.75/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

Map

Zoning

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C-1 CommercialGeneral CommercialCommercial
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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