Leased NNN Property for Sale. Exclusive Listing
Lessee: Goodwill Industries of Southern Arizona
Address: 8358 & 8360 E. Broadway, Tucson AZ, 85710
- Purchase Price:
$4,226,500UNDER CONTRACT - Property Size: 68,969 Sq Ft.
- Building Area: 17,325 Sq.Ft. plus 365 Sq.Ft. inclosed dock
- Zoning: C-1, City of Tucson
DESCRIPTION
Whirlygig Properties, LLC is pleased to present the rare opportunity to acquire a NNN leased, investment property located in Tucson, Arizona. The single tenant is Goodwill Industries of Southern Arizona, occupying 16,960 sq. ft. and the 10 year lease term went to affect October 15, 2015 and expires October 14, 2025 with two 5-year options. Goodwill after their current term is followed by the 2 additional (5-year) options periods with 3% annual rental increases. The lease is corporately guaranteed by Goodwill of Southern Arizona, Inc. Goodwill has been a trusted household name for more than a century and is the top name donation/resale retailer in the United States. The lease is NNN with minimal landlord responsibilities limited to structure and parking lot.
LOCATION
Goodwill is positioned so that access to the property is available from all portions of the Tucson area. Major north/south roadways include Harrison Road, Camino Seco, Pantano Road, Kolb Road and Wilmot Road. These roadways connect the property and the neighborhood with Interstate 10 to the southwest and the foothills residential areas to the north. Major east/west arterials include Golf Links Road, 22nd Street, Broadway Boulevard, Speedway Boulevard and Grant Road/Tanque Verde Road. These roadways connect the neighborhood with the midtown residential neighborhoods and the CBD to the West. These arterials are four and six-lane roadways that have typically developed into commercial districts with residential and some industrial uses on interior streets. The area and location promotes crossover shopping. The Overall access to and from the property is considered to be very good. In addition, there is good public transportation available in the area, with various Sun Tran bus routes directly in front of the property.
There is significant commercial development within the area, with the majority of this development along major arterials such as Broadway Boulevard, 22nd Street, Speedway Boulevard and Grant Road.
