Listed by SURMOUNT
$2,087,000
Desert Drifter
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,600
Cap Rate 5.75%
NOI $120,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 12/17/2039
Remaining Term 13.5
Rent Bumps Yes
Lease Options 2, 5-Year Options
Year Built 2025
Acreage 0.760
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/18/2024
Ground Lease No
Ownership Fee Simple
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Desert Drifter located at 10335 North La Cañada Drive, Oro Valley, AZ 85737. The site consists of roughly 1,600 rentable square feet of building space on an estimated .76-acre parcel of land. Desert Drifter is subject to a 15-year Triple Net (NNN) lease, which commenced 12/18/2024. The current annual rent is $120,000 and has scheduled increases of 10.00% Every 5 Years.
Investment highlights
- Brand-New 2025 Construction | Brand-new 2025 construction featuring modern improvements, minimal capital expenditure requirements, and long-term operational appeal.
- Long-Term Absolute NNN Lease Structure | Secured by a 15-year Triple Net lease with no landlord responsibilities, providing passive ownership and predictable income.
- Strong Rental Growth Profile | Lease includes attractive 10% rental increases every five years throughout the primary term, creating built-in income growth and inflation protection.
- Personal | Corporate Guaranteed Lease | Lease is guaranteed by OneTen REI, providing investors with the security of corporate-backed tenancy and enhanced credit strength.
- Affluent Oro Valley Demographics | Located within affluent Oro Valley where average household incomes exceed $123,000 within five miles, supporting strong spending power.
- Premier Retail Corridor Location | Positioned at a signalized intersection with approximately 42,000 combined vehicles per day along La Cañada Drive and Lambert Lane.
- High-Traffic Commuter Exposure | Surrounded by national retailers including Fry's, Walgreens, Chase, Circle K, Pet Supplies Plus, and Jersey Mike's.
- Growing North Tucson Submarket | More than 110,000 residents live within five miles of the property, with population and household growth projected through 2030.
Listing Contacts
Listed by SURMOUNT
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
$120,000.00
$10,000.00/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Name
License
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
