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32378191
32378624

1290 West Prince Road, Tucson, AZ 85705 For Sale

JG
AZ AZ SA586241000
Newmark
SJ
AZ SA535405000
Newmark
Newmark - Phoenix
Listed by Newmark, Newmark - Phoenix
$9,100,000
79 days on market
Updated 78 days ago

Flowing Wells Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 77,179
Cap Rate 6.75%
NOI $614,585
Occupancy 85%
Tenancy Multi
Lease Type NNN
Price per SqFt $118
Year Built 1966
Year Renovated 2024
Acreage 5.310
Zoning C-2
Parking Spaces 318 spaces
Parking per 1,000 SqFt 4.12
Investment Type Value Add
Ground Lease No

Grocery-Anchored Strip | Value-Add, Low Price per Foot | Tucson, AZ

Marketing description

Newmark Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire Flowing Wells Plaza located on the northeast corner of Prince Rd and Flowing Wells Rd, (the Property), a 77,179 square foot retail strip in Tucson, Arizona.

The building is 85% occupied and has excellent visibility with frontage along Prince Road with traffic counts nearing 58,000 VPD at the intersection. Just one mile east of the I-10 freeway, this retail center is also across the street from Flowing Wells High School and surrounded by plenty of residential neighborhoods. Flowing Wells Plaza offers an investor the rare opportunity to acquire an asset with upside potential in a rapidly growing part of Tucson, Arizona.

Investment highlights

High Traffic Corridor

Upside Potential

Very Low Price Per Foot

Daily Needs Tenant Mix

High Visibility Frontage

Listing Contacts

JG
AZ AZ SA586241000
Newmark
SJ
AZ SA535405000
Newmark
Newmark - Phoenix
Listed by Newmark, Newmark - Phoenix

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$614,585.00
$51,215.42/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Jesse Goldsmith
License
AZ SA586241000
Brokerage
Newmark
Brokerage Phone
4802415146
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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