- For Sale $2,200,000
- Property Type Retail - Freestanding
- Property Size 1,803 SF
- Lot Size 0.51 Acre
- Additional Rent Contact for pricing
- Property Tenancy Single Tenant
- Year Built 1989
- Year Renovated 2020
- Date Updated Aug 16, 2024
Prominent position along Speedway Blvd, a significant Tucson thoroughfare known for its heavy traffic flow (±42,895 VPD). Located in close proximity to various shopping complexes, with national tenants such as Walmart Supercenter, Sprouts, Lowe’s, Fry’s, Safeway, and more. Tucson is the 2nd-most populated city in Arizona (Population of 546,019)Prime Net Lease is pleased to offer the opportunity to acquire the fee simple interest in a free standing Chevron Gas Station & Convenience Store located in Tucson, Az. The subject property was built in 1989, and significantly remodeled in 2020. Chevron purchased the site from the previous operator and signed a brand new 20 year Absolute NNN lease.The original corporately guaranteed lease commenced in August 2023, now leaving 19+ years remaining on its initial term. This absolute NNN lease has 10.0% rental increases every five (5) years during the base term and grants the Tenant two successive 5-year options to extend the lease. The fuel station boasts a modern infrastructure, including state-of-the-art fuel pumps, and a well-stocked convenience store. Prominent position along Speedway Blvd, a significant Tucson thoroughfare known for its heavy traffic flow (±42,895 VPD).Property is located in close proximity to various shopping complexes, with national tenants such as Walmart Supercenter, Sprouts, Lowe’s, Fry’s, Safeway, and more. Tucson is the 2nd-most populated city in Arizona (Population of 546,019). There are six different multifamily communities located within 1 mile of location comprising over 1,538 Total Units.Tucson is the 2nd-most populated city in Arizona, Population of 546,019.
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Highlights
- LONG TERM LEASE - The tenant signed a brand new 20 year Absolute NNN Lease in August 2023, leaving a new owner a nearly full term remaining.
- ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands o?" investment. Tenant responsible for all taxes, insurance, and maintenance including roof, structure, and parking lot.
- RENTAL INCREASES - 10% every Five (5) years Rental increases throughout the base term and following two options gives the investor the ability to hedge against inflation.
- BONUS DEPRECIATION - Fee simple ownership of a Gas Station provides the landlord the opportunity to use accelerated Bonus Depreciation model. Consulting your Accountant or Tax Attorney is advised.
- STRONG GUARANTOR - This location is backed by West Coasts Petroleum Newports, an Arizona LLC with guarantor net worth above $19.25M.
- STRONG OPERATOR - Fourteen (14) unit franchisee operator has been in business for over 16 Years, with Gross Annual Revenues over $69M.
- NEW CONSTRUCTION: This ChevronGas Station was just renovated in 2020.
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Contacts
Paul Matusik
Prime Net Lease
Location
Getting Around
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Walk Score ®
44/100 Car-Dependent -
Transit Score ®
33/100 Some Transit -
Bike Score ®
50/100 Bikeable
Powered by Walk Score ®
- City Tucson, AZ
- Neighborhood Desert Palms
- Zip Code 85710
- Market Tucson
Points of Interest
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Helen Street & Warren Avenue
7.97 miles
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2nd Street & Cherry Avenue
8.03 miles
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2nd Street & Highland Avenue
8.21 miles
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2nd Street & Olive Road
8.49 miles
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University Boulevard & Tyndall Avenue
8.65 miles
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University Boulevard & 3rd Avenue
9.01 miles
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4th Avenue & 5th Street
9.10 miles
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4th Avenue & 7th Street
9.10 miles
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4th Avenue & 9th Street
9.12 miles
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Toole Avenue & 4th Avenue
9.13 miles
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Fry's Gas
0.93 miles
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QuikTrip
1.00 miles
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Circle K
1.58 miles
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Circle K
1.91 miles
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Circle K
2.16 miles
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QuikTrip
2.23 miles
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QuikTrip
2.24 miles
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FRY"S GAS
2.28 miles
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Circle K
2.46 miles
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Fry's Fuel
2.74 miles
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Sun Tran Park & Ride
1.17 miles
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QT
2.22 miles
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Houghton Road Park And Ride
2.31 miles
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Craycroft Parking
4.58 miles
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Arizona National Golf Club
4.83 miles
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Broadway Trailhead
5.02 miles
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Fantasy Island
5.15 miles
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Mica View Trailhead
5.28 miles
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Desert Ecology Trailhead
5.44 miles
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Swan Road Parking
5.55 miles
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Jack in the Box
0.76 miles
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Arby's
0.77 miles
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Burger King
0.84 miles
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Bahama Buck’s
0.94 miles
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Eegee
0.95 miles
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Taco Bell
1.01 miles
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McDonald's
1.06 miles
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Salsa Verde
1.11 miles
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Church's Chicken
1.19 miles
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IHOP
1.20 miles
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Fry's Food and Drug
0.89 miles
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Walmart Neighborhood Market
1.06 miles
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Safeway
1.11 miles
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Kohl's
1.22 miles
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Albertsons
1.62 miles
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Walmart Supercenter
1.70 miles
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Safeway
1.83 miles
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Ross
1.95 miles
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Natural Grocers
1.98 miles
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Gaslight Costume Shop
2.17 miles
Frequently Asked Questions
How much does Chevron Gas Station & Convenience Store cost?
The space currently listed for sale at Chevron Gas Station & Convenience Store asks for $2,200,000.
What is the total square footage of Chevron Gas Station & Convenience Store?
Chevron Gas Station & Convenience Store totals 1,803 square feet.
When was this property built?
Chevron Gas Station & Convenience Store was built in 1989.
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Contact Listing Broker
Paul Matusik
Prime Net Lease