829 W SILVERLAKE RD, TUCSON, AZ 85713-1456

Single tenant NNN industrial investment opportunity available now at 829 W Silverlake Rd in Tucson. The property consists of a ±12,000 SF industrial shop and office building situated on a ±3.23-acre site, providing significant yard and parking area well-suited for fleet operations. Zoned I-1 within the City of Tucson, the asset offers exceptional access to the regional freeway network, positioned less than 0.5 miles from the I-10 and I-19 interchange.

Offered at $3,400,000 (6.62% cap rate), the property is fully leased to MTM Transit, LLC - a nationally operating, government-contracted paratransit and non-emergency medical transportation company through October 31, 2029. The lease features 3% annual rent escalations throughout the initial term, growing from $18,750/month NNN (current rate) to $20,488/month NNN by the final lease year. With in-place rents currently below market, an investor stands to benefit from mark-to-market upside at the October 2029 expiration or upon exercise of the tenant's one 12-month renewal option at $21,103/month NNN.