1570&1600 W Grant Road, Tucson, AZ 85745 (MLS# 22000544)


$1,100,000
1570&1600 W Grant Road
Tucson, AZ 85745
MLS# 22000544
6850 sqft


1570&1600 W Grant Road, Tucson, AZ 85745
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1570&1600 W Grant Road, Tucson, AZ 85745 1570&1600 W Grant Road, Tucson, AZ 85745 1570&1600 W Grant Road, Tucson, AZ 85745

Property Description
This property consists of 3-parcels; 107-04-0090, 107-04-0100, 107-04-0110 for a total land area of 2.0 acres zoned City of Tucson I-1. There are 2-buildings; #1 Tenant is local Chevron operator of a 5-dispenser gas station & C-store at 3022 sq/ft including a 3334 sq/ft canopy. Building #2 is 3828 sq/ft which includes 2-tenants; Erv's Auto, and Cars for You. Well located on High traffic arterial corridor. Two of the tenants are long term; 10 yr lease including a 10-yr Chevron agreement & 20 yr Auto Shop lease. 100% occupancy!

Details
Maps
Documents
Address Information
Street #: 1570&1600
Direction: W
Street Name: Grant
Suffix: Road
State/Province: AZ
Zip Code: 85745
County: Pima
Country: USA
Location, Tax & Legal
Tax Code: 107-04-0100
Tax Year: 2019
Taxes: 26031
Legal Description: CENTER POINTE COMMERCE CENTER LOT 0001 & CENTER POINTE COMMERCE CENTER LOT 0002 & CENTER POINTE COMMERCE CENTER LOT
Area: West
Municipality/Zoning: Tucson - I1
Fire Protection: Included in Taxes
Contract Information
Current Price: $1,100,000
List Price: $1,100,000
Listing Date: 2020-01-07
Method of Title: Fee (Simple)
Short Sale: No
Status Change Info
Status: Active
General Property Information
Dwelling Type: Retail
Construction Status: Existing
Year Built: 1998
Lot Dimensions: 262' X 333' X 262' X 333'
Lot Acres: 2
Lot Sqft: 87120
Lot Size Source: Assessor
Combined SqFt: 6850
Source of SqFt: Assessor
Leasable SqFt: 6850
List Price/SqFt: 160.58
Lot Size Price/SqFt: 12.63
Remarks & Misc
Geo Lat: 32.251429
Geo Lon: -111.000158
Income
Gross Scheduled Rent: 111351
Adjusted Gross: 111351
Net Opp Income: 74126
Analysis
Cap Rate %: 6.74
Exp % of Gross: 33.4
Electric
Electric Company: TEP
Property Features
Fenced Storage: No
Sewer: Connected
Fence: None
Road Type: Paved
Business Location: Business Park
Freeway/Highway: Up to 1 Mile
Terms: Cash; Conventional
Property Disclosures: Seller Prop Disclosure

Listing Office: Tierra Antigua Realty

Last Updated: January - 15 - 2020

Information deemed reliable but not guaranteed.

Tuesday 21st of January 2020 10:46 AM