Contacts
Paul Matusik
Prime Net Lease
Property Details
- Property Type Retail - Freestanding
- Property Size 1,803 SF
- Lot Size 0.51 Acre
- Additional Rent Contact for pricing
- Property Tenancy Single Tenant
- Year Built 1989
- Year Renovated 2020
- Date Updated Oct 30, 2024
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Highlights
- LONG TERM LEASE - The tenant signed a brand new 20 year Absolute NNN Lease in August 2023, leaving a new owner a nearly full term remaining.
- ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands o?" investment. Tenant responsible for all taxes, insurance, and maintenance including roof, structure, and parking lot.
- RENTAL INCREASES - 10% every Five (5) years Rental increases throughout the base term and following two options gives the investor the ability to hedge against inflation.
- BONUS DEPRECIATION - Fee simple ownership of a Gas Station provides the landlord the opportunity to use accelerated Bonus Depreciation model. Consulting your Accountant or Tax Attorney is advised.
- STRONG GUARANTOR - This location is backed by West Coasts Petroleum Newports, an Arizona LLC with guarantor net worth above $19.25M.
- STRONG OPERATOR - Fourteen (14) unit franchisee operator has been in business for over 16 Years, with Gross Annual Revenues over $69M.
- NEW CONSTRUCTION: This ChevronGas Station was just renovated in 2020.
Attachments
Getting around
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Location
- City Tucson, AZ
- Neighborhood Desert Palms
- Zip Code 85710
- Market Tucson
Points of Interest
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Helen Street & Warren Avenue
7.97 miles
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2nd Street & Cherry Avenue
8.03 miles
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2nd Street & Highland Avenue
8.21 miles
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2nd Street & Olive Road
8.49 miles
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University Boulevard & Tyndall Avenue
8.66 miles
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University Boulevard & 3rd Avenue
9.02 miles
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4th Avenue & 5th Street
9.09 miles
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4th Avenue & 7th Street
9.11 miles
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4th Avenue & 9th Street
9.11 miles
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Toole Avenue & 4th Avenue
9.13 miles
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Circle K
0.22 miles
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Fry's Gas
0.93 miles
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QuikTrip
1.00 miles
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Speedway
2.05 miles
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Blink
7.66 miles
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Tesla Supercharger
9.44 miles
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Sun Tran Park & Ride
1.17 miles
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QT
2.22 miles
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Houghton Road Park And Ride
2.31 miles
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Craycroft Parking
4.58 miles
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Arizona National Golf Club
4.83 miles
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Broadway Trailhead
5.02 miles
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Fantasy Island
5.15 miles
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Mica View Trailhead
5.28 miles
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Desert Ecology Trailhead
5.44 miles
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Swan Road Parking
5.55 miles
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Jack in the Box
0.76 miles
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Arby's
0.77 miles
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Burger King
0.84 miles
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Bahama Buck’s
0.94 miles
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Eegee
0.95 miles
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Taco Bell
1.01 miles
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McDonald's
1.06 miles
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Salsa Verde
1.11 miles
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Church's Chicken
1.19 miles
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IHOP
1.20 miles
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Fry's Food and Drug
0.88 miles
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Walmart Neighborhood Market
1.06 miles
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Sprouts Farmers Market
1.21 miles
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Kohl's
1.22 miles
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Albertsons
1.62 miles
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Walmart Supercenter
1.70 miles
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Safeway
1.83 miles
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Ross
1.95 miles
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Natural Grocers
1.98 miles
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Gaslight Costume Shop
2.17 miles
In-Depth Research Available for this Property
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Contact Listing Broker
Paul Matusik
Prime Net Lease