Wells Fargo @ Ritz Carlton Dove Mountain
4,692 SF | Retail Building | Marana, AZ 85658 | $2,033,000 ($433/SF) | 5.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,033,000
- Property Type
-
Retail
- Square Feet
- 4,692 SF
- Price / Square Foot
- $433
Listing Contacts
Christopher Lind
Verified Profile
Mark Ruble
Verified Profile
- Property Info
Property Overview
Marcus & Millichap is pleased to present for sale Wells Fargo in Marana, AZ. Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.96 trillion in assets. Wells Fargo ranked No. 47 on Fortune’s 2023 rankings of America’s largest corporations.
Located just northwest of Tucson in southern Arizona, Marana is a town that lies mostly in Pima County with a small portion in Pinal County. Home to nearly 52,000 residents, it is among the fastest-growing cities in Arizona, growing at a rate of nearly 150 percent since 2000. Marana is home to a number of world-class science and technology companies and is also home to the Forbes Five-Star Rated world-class Ritz-Carlton Dove Mountain Resort.
Located just northwest of Tucson in southern Arizona, Marana is a town that lies mostly in Pima County with a small portion in Pinal County. Home to nearly 52,000 residents, it is among the fastest-growing cities in Arizona, growing at a rate of nearly 150 percent since 2000. Marana is home to a number of world-class science and technology companies and is also home to the Forbes Five-Star Rated world-class Ritz-Carlton Dove Mountain Resort.
Property Details
- Class
- B
- Year Built
- 2006
- Stories
- 1
- Property Subtype
- Bank, Freestanding
- Lot Size (sq. ft)
- 30,928 SF
Highlights
- Absolute Triple-Net (NNN) Ground Lease with 7+ Years Remaining on Term
- 10% Rental Increases Every 5 Years with Multiple Renewal Options - Next Increase to Occur on 11/1/2026 Moving the Cap Rate to 6.05% at List Price
- 56,658 Residents within a 5-Mile Radius - Dense Trade Area in the Tucson MSA
- Located in Rapidly Growing Marana - Households and Population Projected to Increase Nearly 7%+ in the Surrounding Area by 2028
- More Than 27,600 Cars per Day at the Nearby Intersection of West Tangerine Road and North Dove Mountain Boulevard
- Prime Location at the Gateway to the Affluent Dove Mountain Master-Planned Community (+/- 9,159 Units at Build-Out)
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