4775 E Grant Rd, Tucson, AZ 85712 For Sale

CBRE's Net Lease Property Group is pleased to offer for sale a single-tenant First Watch investment opportunity in Tucson, AZ. The opportunity features an absolute triple-net (NNN) ground lease with ±3 years of term remaining and 10% rental increases every 5 years through the three (3), five (5) year options. First Watch (NASDAQ: FWRG) is the fastest growing full-service restaurant brand with ±648 restaurants across ±32 states and plans for ±2,200 restaurants nationwide. In full-year 2025, First Watch reported total revenues of $1.2 billion, a 20.3% increase year-over-year, with same-restaurant sales growth of 3.6%.

The Property is an outparcel to Crossroads Festival, a ±147,905 SF shopping center anchored by Fry's (Kroger), RoadHouse Cinemas, Roadies Bowling Alley, Outback Steakhouse, PNC Bank, Chipotle, and more. A Trader Joe's and PetSmart anchored shopping center is across the street. Tucson Medical Center (±3,000 employees and ±600 beds) and Pima Medical Institute (±2,619 students) are ±3 minutes east. Rincon High School (±1,217 students) and Catalina High School (±614 students) are ±7 minutes away. Texas Instruments' Tucson Office (±330 employees) is ±8 minutes south. The Property has excellent frontage and visibility on E Grant Rd (±39,194 VPD) and is just off the signalized intersection with N Swan Rd (combined ±75,869 VPD). This location boasts a dense 3-mile population of ±100,600 and employee base of ±61,777.