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Views: 185 Updated: 07.19.24 Posted: 08.17.23 Status: Inactive

Summary

Price $4,892,000
Built/Renov 2023
Tenant Veterinary Emergency Group
Cap Rate 6.25%
Lease Type NN+
Guarantor Corporate
Size/SF 6,200
Lease Start 10-01-2023
#Units 53
Price/SF $789.03
Expiration 09-30-2035
Tenant Type Medical/Health
NOI $305,719
R. Term 10.9
Ownership Fee Simple
Rent/SF $49.31
Increases 10.0%/6/yrs
Pop 5Mi 160,370
Lot/AC 1.09
Options 2/6yrs/10%
AHHI 5Mi $108,116

Lease Highlights

  • Brand-new 2023 construction
  • Brand-new 12 year lease with 2 (6-year) options to extend
  • Lease features 10% rent increases every 6 years in the primary lease term and at the start of each option
  • Favorable NN+ lease with landlord responsible for roof & structure
  • Corporate guarantee by the Veterinary Emergency Group

Location Description

Veterinary Emergency Group is situated at the intersection of N Oracle Road and W Giaconda Way with a high traffic count of 49,395 vehicles passing by daily. It is conveniently located near Ina Road (41,700+VPD), which is one of the busiest intersections in Northwest Tucson. The subject property is centrally located between retailers including La Encantada, an upscale, open-air mall anchored...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Veterinary Emergency Group (VEG) is an operator of emergency veterinary care clinics that offer pet owners urgent care services for their pet. Their clinics offer emergency medical services...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,727 50,088 159,933
2023 Total Population : 5,796 50,459 159,591
2023 Employed Civilian Pop : 2,651 23,931 75,134
2023 Total Businesses : 710 2,287 6,274
2023 Average Household Income : $ 126,904 $ 119,386 $ 98,560
2023 Total Consumer Spending : $ 304 M $ 2376 M $ 6145 M
2023 Median Age : 54 51 43
2023 Total Households : 2,796 23,068 72,036
2023 Pop Age 25+: Bachelor's Degree : 1,426 11,281 27,801
2023 Average Home Value : $ 449,699 $ 454,497 $ 357,299
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Giaconda Way N Oracle Rd 2010 939 0.10 mi
W Ina Rd Yucca Rd 2014 40,333 0.17 mi
W Ina Rd N Northern Ave 2012 36,563 0.19 mi
N Via Ponte W Ina Rd 2012 1,804 0.19 mi
N Nanini Dr N Casas Adobes Dr 2015 353 0.19 mi
Yucca Rd W Ina Rd 2014 1,540 0.21 mi
W Ina Rd N Via Ponte 2012 35,717 0.24 mi
W Ina Rd N Antonietta Dr 2014 40,855 0.26 mi
N Oracle Rd N Casas Adobes Rd 2011 44,000 0.32 mi
W Ina Rd N Via Venezia 2012 34,933 0.33 mi

Listing Broker

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