2960 N Campbell Ave - Restaurant FOR SALE


Tucson, AZ 85719- Shaheen Estates
$8,670,000 USD
602-603-5689
2960 N Campbell Ave, Tucson, AZ for Sale
$8,670,000 USD
Restaurant - FOR SALE
1/34
null | 6% Cap Rate

2960 N Campbell Ave
Tucson, AZ 85719
Shaheen Estates


HIGHLIGHTS

  • Net lease investment, 100% leased to two strong Fox Restaurant Concepts (FRC) with strong rent-to-sales ratios and annual rent increases of 2%.
  • Located in Campbell Plaza with national retail tenants such as Albertsons, Ross Dress for Less, Ace Hardware, World Gym, Panda Express, and more.
  • Attractive lease structures in place with long-term primary leases (over 13 years remaining) and tenants responsible for taxes, insurance, and CAM.
  • Less than 2 miles from the University of Arizona, where over 42,075 undergraduate students enroll each year and love to frequent the Campbell Plaza.
  • Fox Restaurant Concepts has over 142 locations nationwide, including 15 popular brands such as North Italia, Zinburger, Flower Child, and Doughbird.
  • Densely populated trade area with over 271,863 residents in a 5-mile radius, bringing in a substantial average household income of over $95,000.

OVERVIEW

2960 N Campbell Avenue presents an investment opportunity featuring a 100% leased property with two strong tenants from Fox Restaurant Concepts (FRC), a nationally recognized restaurant group. Both tenants benefit from long-term primary leases with approximately 13 years remaining, providing stability for investors. FRC operates 15 popular brands, including North Italia, Flower Child, Culinary Dropout, and Blanco Cocina + Cantina. FRC was acquired by The Cheesecake Factory Inc. in a $353 million deal in 2019. With over 142 locations nationwide, FRC’s proven success is reflected in strong rent-to-sales ratios and percentage rent clauses, offering potential upside. The leases include attractive structures, with tenants fully responsible for taxes, insurance, and CAM, as well as annual rent increases of 2%. Ideally positioned in a high-traffic Tucson location, the property is less than 2 miles from the University of Arizona, home to over 41,710 students. 2960 N Campbell Avenue sits in a densely populated trade area with more than 271,863 residents within a 5-mile radius. This asset is part of Campbell Plaza, a bustling shopping center with national tenants such as Albertsons, Ross Dress for Less, and Ace Hardware. With prime frontage on Campbell Avenue, a major Tucson thoroughfare with 36,377 vehicles per day, this property benefits from excellent visibility and accessibility. All this and more makes 2960 N Campbell Avenue a highly attractive investment opportunity.

FOR SALE DETAILS

PRICE

$8,670,000 USD

PRICE/SF

$1,073 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Doughbird and Flower Child Trophy Net Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

-

APN/PARCEL ID

112-05-4070

ASK ABOUT THIS PROPERTY

Chris HollenbeckCushman & WakefieldMore Info
602-603-5689

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Chris HollenbeckCushman & WakefieldMore Info
602-603-5689

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