12140 N Dove Mountain Blvd - Bank FOR SALE


Marana, AZ 85658
$1,944,000 USD
602-687-6780
12140 N Dove Mountain Blvd, Marana, AZ for Sale
$1,944,000 USD
Bank - FOR SALE
1/4
null | 5.75% Cap Rate

12140 N Dove Mountain Blvd
Marana, AZ 85658


HIGHLIGHTS

  • Absolute Triple-Net (NNN) Ground Lease with 7+ Years Remaining on Term
  • • 10% Rental Increases Every 5 Years - Next Increase to Occur on 11/1/2026 Moving the Cap Rate to 6.33% at List Price
  • 56,658 Residents within a 5-Mile Radius - Dense Trade Area in the Tucson MSA
  • Located in Rapidly Growing Marana - Households and Population Projected to Increase Nearly 7%+ in the Surrounding Area by 2028
  • More Than 27,600 Cars per Day at the Nearby Intersection of West Tangerine Road and North Dove Mountain Boulevard
  • Prime Location at the Gateway to the Affluent Dove Mountain Master-Planned Community (+/- 9,159 Units at Build-Out)

OVERVIEW

Marcus & Millichap is pleased to present for sale Wells Fargo in Marana, AZ. Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.96 trillion in assets. Wells Fargo ranked No. 47 on Fortune’s 2023 rankings of America’s largest corporations. Located just northwest of Tucson in southern Arizona, Marana is a town that lies mostly in Pima County with a small portion in Pinal County. Home to nearly 52,000 residents, it is among the fastest-growing cities in Arizona, growing at a rate of nearly 150 percent since 2000. Marana is home to a number of world-class science and technology companies and is also home to the Forbes Five-Star Rated world-class Ritz-Carlton Dove Mountain Resort.

FOR SALE DETAILS

PRICE

$1,944,000 USD

PRICE/SF

$414 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wells Fargo @ Ritz Carlton Dove Mountain

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

-

APN/PARCEL ID

218-55-5680,218-55-574B

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

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Christopher LindMarcus & MillichapMore Info
602-687-6780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.