Chevron Gas Station & Convenience Store

For Sale

8530 E Speedway Blvd, Tucson, AZ 85710

This Tucson property for sale is located at 8530 E Speedway Blvd. The current listed sale price for Chevron Gas Station & Convenience Store is $2,200,000. Chevron Gas Station & Convenience Store is situated on a lot that is 0.51 acre in size.

Contacts

broker

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
Prominent position along Speedway Blvd, a significant Tucson thoroughfare known for its heavy traffic flow (±42,895 VPD). Located in close proximity to various shopping complexes, with national tenants such as Walmart Supercenter, Sprouts, Lowe’s, Fry’s, Safeway, and more. Tucson is the 2nd-most populated city in Arizona (Population of 546,019)Prime Net Lease is pleased to offer the opportunity to acquire the fee simple interest in a free standing Chevron Gas Station & Convenience Store located in Tucson, Az. The subject property was built in 1989, and significantly remodeled in 2020. Chevron purchased the site from the previous operator and signed a brand new 20 year Absolute NNN lease. The original corporately guaranteed lease commenced in August 2023, now leaving 19+ years remaining on its initial term. This absolute NNN lease has 10.0% rental increases every five (5) years during the base term and grants the Tenant two successive 5-year options to extend the lease. The fuel station boasts a modern infrastructure, including state-of-the-art fuel pumps, and a well-stocked convenience store. Prominent position along Speedway Blvd, a significant Tucson thoroughfare known for its heavy traffic flow (±42,895 VPD). Property is located in close proximity to various shopping complexes, with national tenants such as Walmart Supercenter, Sprouts, Lowe’s, Fry’s, Safeway, and more. Tucson is the 2nd-most populated city in Arizona (Population of 546,019). There are six different multifamily communities located within 1 mile of location comprising over 1,538 Total Units. Tucson is the 2nd-most populated city in Arizona, Population of 546,019.

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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

  • 44/100

    Walk Score ®

  • 33/100

    Transit Score ®

  • 50/100

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Location

  • City Tucson, AZ
  • Neighborhood Desert Palms
  • Zip Code 85710
  • Market Tucson

Points of Interest

  • Helen Street & Warren Avenue

    7.97 miles

  • 2nd Street & Cherry Avenue

    8.03 miles

  • 2nd Street & Highland Avenue

    8.21 miles

  • 2nd Street & Olive Road

    8.49 miles

  • University Boulevard & Tyndall Avenue

    8.66 miles

  • University Boulevard & 3rd Avenue

    9.02 miles

  • 4th Avenue & 5th Street

    9.09 miles

  • 4th Avenue & 7th Street

    9.11 miles

  • 4th Avenue & 9th Street

    9.11 miles

  • Toole Avenue & 4th Avenue

    9.13 miles

  • Circle K

    0.22 miles

  • Fry's Gas

    0.93 miles

  • QuikTrip

    1.00 miles

  • Speedway

    2.05 miles

  • Blink

    7.66 miles

  • Tesla Supercharger

    9.44 miles

  • Sun Tran Park & Ride

    1.17 miles

  • QT

    2.22 miles

  • Houghton Road Park And Ride

    2.31 miles

  • Craycroft Parking

    4.58 miles

  • Arizona National Golf Club

    4.83 miles

  • Broadway Trailhead

    5.02 miles

  • Fantasy Island

    5.15 miles

  • Mica View Trailhead

    5.28 miles

  • Desert Ecology Trailhead

    5.44 miles

  • Swan Road Parking

    5.55 miles

  • Jack in the Box

    0.76 miles

  • Arby's

    0.77 miles

  • Burger King

    0.84 miles

  • Bahama Buck’s

    0.94 miles

  • Eegee

    0.95 miles

  • Taco Bell

    1.01 miles

  • McDonald's

    1.06 miles

  • Salsa Verde

    1.11 miles

  • Church's Chicken

    1.19 miles

  • IHOP

    1.20 miles

  • Fry's Food and Drug

    0.88 miles

  • Walmart Neighborhood Market

    1.06 miles

  • Sprouts Farmers Market

    1.21 miles

  • Kohl's

    1.22 miles

  • Albertsons

    1.62 miles

  • Walmart Supercenter

    1.70 miles

  • Safeway

    1.83 miles

  • Ross

    1.95 miles

  • Natural Grocers

    1.98 miles

  • Gaslight Costume Shop

    2.17 miles

In-Depth Research Available for this Property

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Contact Listing Broker

broker

Paul Matusik

Prime Net Lease