Arizona / Tucson / 85716 / 3601 East Speedway Boulevard

3601 East Speedway Boulevard

Tucson, AZ 85716

Listing ID: 235455

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$1,992,920

For Sale

Property Type Industrial for Sale : Warehouse
Lot Size Acres 1.298
Building Sq Ft 24,496
Building Price per Sq Ft $81.36
Land Sq Ft 56,540
Land Price per Sq Ft $35.25

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Description

Looking for a Single Tenant Industrial Net Lease investment with below market replacement value? This is it! This investment will yield a 7.5% cap rate for the first 5 years and up to a 8.4% cap rate in Year 8 if the 3 year lease option is exercised in Year 5. Property is located in the heart of Tucson off of Speedway, one the busiest streets. Zoned C-2 and on 1.26 Acres. Tenant has 5 year lease with an option to renew for 3 years at 8% increase. Building is only 13 minutes away from the I-10., and only 5 minutes away from the University of Arizona's main campus.

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Listing Demographics for 3601 East Speedway Boulevard Tucson, AZ 85716

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		14,508	131,754	270,919
Population Median Age		40	37	38
Population by Age	0-9 Yrs	1312 (9%)	11819 (8%)	26636 (9%)
	10-19 Yrs	1132 (7%)	20119 (15%)	36939 (13%)
	20-29 Yrs	2833 (19%)	31881 (24%)	59124 (21%)
	30-39 Yrs	2140 (14%)	16139 (12%)	34217 (12%)
	40-49 Yrs	2077 (14%)	11752 (8%)	27488 (10%)
	50-59 Yrs	1933 (13%)	14374 (10%)	30293 (11%)
	60-69 Yrs	1576 (10%)	13620 (10%)	29372 (10%)
	70+ Yrs	1503 (10%)	12049 (9%)	26849 (9%)

Median HH Income		$38,271	$39,312	$39,043
Total Household Income	< 24K	2710 (36%)	18321 (32%)	38445 (33%)
	25-49K	1821 (24%)	15227 (27%)	31217 (27%)
	50-74K	1025 (13%)	9288 (16%)	18636 (16%)
	75-99K	811 (10%)	5297 (9%)	10236 (8%)
	100-199K	822 (11%)	5869 (10%)	12411 (10%)
	200K+	233 (3%)	1557 (2%)	3576 (3%)

Highest Education Level	No Diploma	1130	8051	23002
	Diploma or GED	1825	15626	36501
	Some College	2303	17982	40746
	Assoc. Degree	960	5838	12822
	Bachelors Degree	2045	17268	32088
	Higher Degree	2351	14664	25848

Total Housing Units		8,792	65,166	132,858
--Owner-Occupied		2,691	22,241	48,072
--Renter-Occupied		4,731	33,318	66,447
Owner-Occupied Values	< 100K	354	3844	10658
	100-199K	1010	9371	19585
	200-299K	652	5198	8726
	300-399K	272	1770	3590
	400-499K	241	940	1952
	500K+	161	1118	3561

Total Working Age Population		12,572	113,631	227,816
In Work Force		8,277	69,025	139,507
Not In Work Force		4,295	44,607	88,309
Workforce Employed		7,556	62,762	125,807
Workforce Unemployed		642	5,809	11,337
Civlian Workforce		8,198	68,570	137,145
Military Workforce		79	454	2,363

Total Households		7,422	55,559	114,520
Family Households		3,019	24,192	53,899
Non-Family Households		4,403	31,367	60,621
Married Couple		1,956	14,855	32,730
Other Family		1,063	9,337	21,168
Married w/Child		610	4,993	11,447
Single Male w/Child		159	955	2,582
Single Female w/Child		315	3,501	8,039

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Arizona	5,130,632	+25	6,392,017	+14	7,286,100	+14	8,284,900
Pima County	843,746	+16	980,263	+7	1,050,900	+7	1,129,200

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views

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Closest Commercial Airports

Airport	Distance (mi)
Tucson International Airport / Morris Air National Guard Base (TUS)	8
Phoenix Sky Harbor International Airport (PHX)	104
Albuquerque International Sunport / Kirtland Air Force Base (ABQ)	314