BMO Harris Bank
35 North Houghton Road,
Tucson,
AZ
85748
$2,080,000
| Status | Sold |
|---|---|
| Price | $2,080,000 |
| Cap Rate | 5.10% |
| NOI | $105,989 |
| Lease Type | Absolute NNN |
| Lease Term | 10 Years |
| Lease Start | March 2015 |
| Lease Expiration | March 2025 |
| Building Size | 4,756 SF |
| Lot Size | 43124 AC |
Overview
The property benefits from a hard corner location at the signalized intersection of Broadway Boulevard and Houghton Road. The branch features a substantial parkinglot for 33 vehicles and has three drive-thru lanes.
The site lies in the neighborhood’s commercial district amid numerous shopping centers and residential communities. The property is across the street from Safeway, Walgreens, Bashas’ and other national retailers.
Within a 1-mile-radius, there are nearly 11,000 residents with an average annual household income of approximately $85,000. The population increases to nearly 140,000 when the radius expands to five miles.