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Auto Dealership

Reading Truck

1402 E Benson Hwy, Tucson, AZ 85714

Listing Price: $3,163,636

Cap Rate
5.50%
Tenant Name
Reading Truck
Years Remaining On Lease
5.1
Gross SF
13,960
Guarantor
Corporate Guarantee
Rentable SF
13,960
Price/Gross SF
$226.62
Lease Type
Double Net
Rent Per Square Feet
$12.46

Investment Overview

Reading Truck is a leading manufacturer, upfitter, and distributor of vocational work truck bodies, truck equipment, commercial trucks, and service vans. Reading's award-winning aluminum utility and service truck bodies are saving fuel, increasing payloads, and are backed by the best warranty in the industry. Reading truck bodies serve more industries than any other truck body manufacturer. Reading offers a full line of quality galvanealled A60 coating weight steel and recyclable weight-saving aluminum utility trucks, enclosed service bodies, dumps, platforms, landscapers, and crane bodies. Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business.

Investment Highlights

  • Five Years Remaining on Lease Term with Corporate Guaranty (20+ Units)
  • 2.5 Percent Rental Increases Occurring Annually
  • New Five Year Lease Extension - Significant T/I Upgrades to the Building in Process by Tenant
  • Fully Fenced and Secured Yard
  • 245,849 Residents within a Five-Mile Radius - Dense Tucson Trade Area
  • Excellent Frontage and Accessibility Along East Benson Highway, with 35,500+ Cars/Day at the Nearby Intersection of East Ajo Way and East Benson Highway
  • Situated Immediately Off the I-10 Freeway with Easy Access to the I-19 Freeway, Both Major Connectors for the State of Arizona
  • Across from Tucson Marketplace, an 850K SF Regional Super Center - Walmart, Planet Fitness, Costco, Dave & Buster's, Cinemark Theaters, and More

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Auto Dealership

Reading Truck

Listing Price: $3,163,636

Cap Rate
5.50%
Tenant Name
Reading Truck
Years Remaining On Lease
5.1
Gross SF
13,960
Guarantor
Corporate Guarantee
Rentable SF
13,960
Price/Gross SF
$226.62
Lease Type
Double Net
Rent Per Square Feet
$12.46

Investment Highlights

  • Five Years Remaining on Lease Term with Corporate Guaranty (20+ Units)
  • 2.5 Percent Rental Increases Occurring Annually
  • New Five Year Lease Extension - Significant T/I Upgrades to the Building in Process by Tenant
  • Fully Fenced and Secured Yard
  • 245,849 Residents within a Five-Mile Radius - Dense Tucson Trade Area
  • Excellent Frontage and Accessibility Along East Benson Highway, with 35,500+ Cars/Day at the Nearby Intersection of East Ajo Way and East Benson Highway
  • Situated Immediately Off the I-10 Freeway with Easy Access to the I-19 Freeway, Both Major Connectors for the State of Arizona
  • Across from Tucson Marketplace, an 850K SF Regional Super Center - Walmart, Planet Fitness, Costco, Dave & Buster's, Cinemark Theaters, and More

Investment Overview

Reading Truck is a leading manufacturer, upfitter, and distributor of vocational work truck bodies, truck equipment, commercial trucks, and service vans. Reading's award-winning aluminum utility and service truck bodies are saving fuel, increasing payloads, and are backed by the best warranty in the industry. Reading truck bodies serve more industries than any other truck body manufacturer. Reading offers a full line of quality galvanealled A60 coating weight steel and recyclable weight-saving aluminum utility trucks, enclosed service bodies, dumps, platforms, landscapers, and crane bodies. Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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