Bank
Wells Fargo @ The Ritz Carlton Dove Mountain Entrance
12140 N Dove Mountain Blvd, Marana (Tucson), AZ 85658
Listing Price: $1,944,000
Investment 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.
Wells Fargo @ The Ritz Carlton Dove Mountain Entrance
Investment Highlights
- Absolute Triple-Net Ground Lease with Over Seven Years Remaining on Term
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options - Next Increase to Occur on 11/1/2026 Moving the Cap Rate to 6.33 Percent at List Price
- 56,658 Residents within a Five-Mile Radius - Dense Trade Area in the Tucson MSA
- Located in Rapidly Growing Marana - Households and Population Projected to Increase Nearly Over Seven Percent 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 (Approximately 9,159 Units at Build-Out)
Bank
Wells Fargo @ The Ritz Carlton Dove Mountain Entrance
Listing Price: $1,944,000
Investment Highlights
- Absolute Triple-Net Ground Lease with Over Seven Years Remaining on Term
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options - Next Increase to Occur on 11/1/2026 Moving the Cap Rate to 6.33 Percent at List Price
- 56,658 Residents within a Five-Mile Radius - Dense Trade Area in the Tucson MSA
- Located in Rapidly Growing Marana - Households and Population Projected to Increase Nearly Over Seven Percent 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 (Approximately 9,159 Units at Build-Out)
Investment 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.
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