Gyro Shack
Tucson, AZ
Key Details
| Price: | $1,762,000 |
|---|---|
| Cap Rate: | 5.90% |
| Annual Rent: | $104,000 |
| Address: | 1610 East Tucson Marketplace Boulevard, Tucson, Arizona 85713 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 9/1/2024 |
| Lease Expiration: | 8/31/2039 |
| Lease Term Remaining: | 14.4 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 0.43 Acres |
| Building Size: | 828 SF |
| Year Built: | 2024 |
NNN Pro is pleased to present the exclusive listing for a Gyro Shack located at 1610 East Tucson Marketplace Boulevard, Tucson, Arizona 85713. The site consists of roughly 828 rentable square feet of building space on an estimated 0.43-acre parcel of land. This Gyro Shack is subject to a 15-year Triple Net (NNN) lease, which commenced 9/1/2024. The current annual rent is $104,000 and has scheduled increases of 10.00% Every 5 Years.
About the Investment
- Strong Traffic Counts | The subject property sees over 37,000 vehicles per day along South Kino Parkway and is directly visible from Interstate 10, which has a daily traffic count of over 87,000 vehicles.
- High 8 Figure Personal Guaranty | Lease is backed by a growing corporate entity set to double unit count by 2026. High net-worth personal guaranty form an experienced multi-unit operator
- Newly Constructed Drive Through Building | The newly constructed Arizona fast food property offers low rent at just $105,000 annually. Additionally, modular construction may provide potential tax benefits under IRS Section 179.
Key Details
| Price: | $1,762,000 |
|---|---|
| Cap Rate: | 5.90% |
| Annual Rent: | $104,000 |
| Address: | 1610 East Tucson Marketplace Boulevard, Tucson, Arizona 85713 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 9/1/2024 |
| Lease Expiration: | 8/31/2039 |
| Lease Term Remaining: | 14.4 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 0.43 Acres |
| Building Size: | 828 SF |
| Year Built: | 2024 |
Talk to the Pros
Jonathan Eckerd
jeckerd@nnnpro.com
License: AZ: SA663487000
Thomas Jonsson
tjonsson@nnnpro.com
License: AZ: BR695596000
Broker of Record
Thomas Jonsson
NNN Properties - Arizona
License: BR695596000
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.