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.