2960 N Campbell Ave - Restaurant FOR SALE


Tucson, AZ 85719- Shaheen Estates
$8,670,000 USD
602-538-7155
2960 N Campbell Ave, Tucson, AZ for Sale
$8,670,000 USD
Restaurant - FOR SALE
1/5
null | 6% Cap Rate

2960 N Campbell Ave
Tucson, AZ 85719
Shaheen Estates


HIGHLIGHTS

  • 100% leased to two strong Fox Restaurant Concepts (FRC) tenants
  • Long term primary lease - ±13 years remaining for both tenants
  • Strong rent to sales ratios
  • Attractive lease structures, tenants fully responsible for Taxes, Insurance, and CAM
  • Annual rent increases of 2%
  • Less than 2 miles from University of Arizona (+41,710 On Campus Students)

OVERVIEW

INVESTMENT HIGHLIGHTS • 100% leased to two strong Fox Restaurant Concepts (FRC) tenants • Long term primary lease - ±13 years remaining for both tenants • Fox Restaurant Concepts includes 15 popular brands such as: North Italia, Zinburger, Flower Child, Culinary Dropout, Blanco Cocina + Cantina, The Henry, Doughbird, and more • The Cheesecake Factory Inc. acquired Fox Restaurant Concepts in a deal valued at $353 million in 2019 • Fox Restaurant Concepts has over 142 locations nationwide • Strong rent to sales ratios • Percentage rent clauses on both leases for potential upside (ask Broker for more details) • Attractive lease structures, tenants fully responsible for Taxes, Insurance, and CAM • Annual rent increases of 2% LOCATION HIGHLIGHTS • Less than 2 miles from University of Arizona (+41,710 On Campus Students) • Densely populated trade area with over 271,863 residents in a 5-mile radius • Located in Campbell Plaza with national retail tenants such as Albertsons, Ross Dress for Less, Ace Hardware, and more • Frontage on Campbell Ave, a major Tucson thoroughfare with strong traffic counts of ±36,377 VPD • Strong average household incomes over $95,000 in a 5 mile radius

FOR SALE DETAILS

PRICE

$8,670,000 USD

PRICE/SF

$1,084 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

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,208 SF

ZONING

-

APN/PARCEL ID

112-05-4070

ASK ABOUT THIS PROPERTY

Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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