TITLE:
TUCSON MUILTI-TENANT RETAIL WITH UPSIDE
CONTROL:
Exclusive
VALUE:
$1,750,000
LOAN:
$0
EQUITY:
$1,750,000
TYPE:
Retail/Commercial
HAVE:
Thirteen Unit Retail Center with Upside. Property is flanked by Circle K Convenience Store on the West and Family Dollar on the East. Below market rents. SELLER FINANCING!
ADDRESS:
7251 S Cardinal Ave, Tucson, Arizona
BENEFITS TO NEW OWNER:
15-20% Below Market Rents.
Solid Tenant Base. Remote Location serves local residents. SELLER FINANCING
GROSS SCHEDULED INCOME:
$119,400 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$119,400
EXPENSES:
$24,700
NOI:
$94,700
DEBT SERVICE:
$0
CASH FLOW:
$94,700
CAP RATE:
5.41%
BENEFITS SOUGHT:
Freedom From Management. Travel
CAN ADD:
4 Residential lots, Rio Rico AZ-$69,000
7701 W Velo Rd. Dev Parcel
8 Ac Res. Georgetown, SC
REMARKS:
Plenty of upside with below market rents. Seller financing and or exchange. 1.73 Ac paved land. 17,244 SF of Modular Buildings, not affixed. Ripe for redevelopment with zero demolition costs. Adjacent to Indian Reservation. Seller managed.
COUNSELOR:
Tom DeSollar
Arizona First Properties LLC
6700 N. Oracle Rd. Suite 235
Tucson, Arizona, 85704
