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33481073
33481071

2303 E Valencia Rd, Tucson, AZ 85706

JP
AZ SA650998000, 85711
Volk Company Commercial Real Estate
Listed by Volk Company Commercial Real Estate
$1,100,000
2 days on market
Updated 2 days ago
Opportunity zone

2303 East Valencia Road

Details
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 5,750
Tenancy Single
Lease Type NNN
Price per SqFt $191
Lot Size (SqFt) 38,106
Zoning P-I, City of Tucson
Investment Type Owner/User

2303 East Valencia Road, Tucson, AZ 85706-5824

Marketing description

This property is an operating, recently remodeled, fully fixturized restaurant and bar property. The property benefits from its close proximity to the Tucson International Airport and the numerous hotels in the area.

Located in the heart of Southern Arizona, Tucson is strategically positioned in the Sonoran desert between Phoenix and Mexico along Arizona's "Sun Corridor" business and trade route. The county seat of Pima County, Tucson is Arizona's second-largest city and the 33rd largest city in the country, with a metropolitan area population of nearly one million people. Tucson's expanding economy is based on technology, tourism, and education. Large institutions like Raytheon Missile Systems, the Davis-Monthan Air Force Base, and the University of Arizona complement and support Tucson's status as a growing entrepreneurial hub (one of five recently recognized by Entrepreneur magazine). Tucson also supports a more than $2 billion per year tourism industry due to its attractive climate, natural wonders, and unique cultural events like the Tucson Gem and Mineral Show and El Tour de Tucson bicycling event, and benefits from the estimated $1 billion per year in direct economic benefit to Southern Arizona from Mexican citizens who travel north to shop in the community.

Tucson's Metro population is estimated at $1.2M. The continued in-migration of people to Arizona positively impacts Tucson and translates directly to increased labor availability. Tucson's growth has attracted large national corporations to locate regional and headquarter operations in Tucson. Recent corporate committals to Tucson include Comcast's regional customer solutions center in mid-town Tucson, Caterpillar Inc's Surface Mining & Technology Headquarters to downtown Tucson, and Home Goods' brand new regional distribution center near the Tucson International Airport. These major national corporations are setting a precedent in Tucson, demonstrating its ability to harbor large growing companies, providing them the necessary infrastructure, talent and legislative support needed to thrive and continue to grow.

Another recent major win for Tucson came from its largest private employer, Raytheon Missile Systems, which announced it has recently added 2,000 new higher wage jobs, bringing the total employment in Tucson to over 15,000 workers. Raytheon is accommodating this expansion through new facility leasing across Tucson and new construction/additions at its Tucson International Airport Headquarters.

Investment highlights

  • Turnkey restaurant / bar
  • Freestanding building
  • Abundant parking
  • Successful Tucson Airport trade area
  • Strong employment hub
  • Monument sign available
  • 150 Feet of Valencia Road frontage
  • Please do not disturb tenant

Listing Contacts

JP
AZ SA650998000, 85711
Volk Company Commercial Real Estate
Listed by Volk Company Commercial Real Estate

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