Montesa Plaza
75,643 SF | 100% Leased | Retail Building | Tucson, AZ 85748 | $16,300,000 ($215/SF) | 8.37% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $16,300,000
- Property Type
-
Retail
- Square Feet
- 75,643 SF
- Price / Square Foot
- $215
Listing Contacts
Darren Tappen
Verified Profile
Nathan Thinnes
Verified Profile
Ryan Sharpe
Verified Profile
Tyler Griffith
Verified Profile
- Property Info
Property Overview
Kidder Mathews is pleased to present the opportunity to acquire Montesa Plaza, a 75,643-square-foot neighborhood retail center located at the hard corner of Broadway Boulevard and Houghton Road in Tucson, Arizona. The retail center was constructed in 1999, sits on 7.2 acres, and is currently 97% occupied by 15 tenants.
Anchored by Galaxy Theatres, Montesa Plaza benefits from having a destination tenant that is the only theatre in east Tucson. Galaxy Theatres was founded in 1998 and hosts 16 locations in five states. Other notable tenants of the Montesa Plaza include Starbucks, UPS Store, Sally Beauty, and Robek’s Juice.
Montesa Plaza is on the corner of Broadway Boulevard and Houghton Road. It enjoys excellent visibility, with a combined traffic count of 32,834 visitors per day. With a five-year projected population growth of 5.8% within a 3-mile radius, East Broadway Boulevard has been widened to four lanes. South Houghton Road is being expanded by four lanes stretching from Interstate 10 to the south to Tanque Verde Road to the north. This highway expansion places the Montesa Plaza strategically in the major north/south arterial in the far east section of Tucson. Montesa Plaza is in a prime area, with an active tenant base and desirable exposure.
Anchored by Galaxy Theatres, Montesa Plaza benefits from having a destination tenant that is the only theatre in east Tucson. Galaxy Theatres was founded in 1998 and hosts 16 locations in five states. Other notable tenants of the Montesa Plaza include Starbucks, UPS Store, Sally Beauty, and Robek’s Juice.
Montesa Plaza is on the corner of Broadway Boulevard and Houghton Road. It enjoys excellent visibility, with a combined traffic count of 32,834 visitors per day. With a five-year projected population growth of 5.8% within a 3-mile radius, East Broadway Boulevard has been widened to four lanes. South Houghton Road is being expanded by four lanes stretching from Interstate 10 to the south to Tanque Verde Road to the north. This highway expansion places the Montesa Plaza strategically in the major north/south arterial in the far east section of Tucson. Montesa Plaza is in a prime area, with an active tenant base and desirable exposure.
Property Details
- Class
- B
- Year Built
- 1999
- Stories
- 1
- Property Subtype
- Storefront Retail/Office
- Lot Size (sq. ft)
- 313,196 SF
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].