Investment Overview

Marcus & Millichap is pleased to present, exclusively for sale, this well-maintained 23,335-square-foot multi-tenant retail center located at 680-720 W Prince Rd in Tucson, AZ, commonly known as the Prince Road Design Center. The property consists of 12 suites, boasting a well-diversified tenant mix of goods and services. Currently, the property is 84% leased, offering significant upside potential for an investor through addressing below-market rents and leasing up the vacant suites. Priced well below replacement cost at $110 per square foot, this property stands as a testament to its investment value and opportunity. Strategically located on West Prince Road, which sees a traffic count of over 25,200 vehicles per day, and just over 1 mile from Interstate I-10 (121,100+ VPD), the property benefits from high traffic and visibility along one of Tucson's busiest retail corridors. Additionally, being just over 4 miles from the University of Arizona—home to over 44,000 students—and within a 5-mile radius of the site, which has a population of over 236,000 residents, creates significant demand for goods and services in this market. The Prince Road Design Center features 11 roll-up doors, allowing for a vast variety of uses for tenants. With ample parking and excellent street visibility, this center is a prime location for successful businesses to grow and maintain a strong presence on W Prince Rd. The combination of tourists, students, and local residents ensures a consistent and diverse customer base for tenants. In Tucson's retail commercial real estate market, the University of Arizona plays a crucial role in driving economic activity. With over 45,000 students and faculty, the university generates a consistent flow of consumer demand for retail goods and services. Retail properties in close proximity to the campus experience increased visibility and foot traffic, making them highly sought-after investment opportunities. Consequently, Tucson's retail commercial real estate sector benefits from a strong and resilient demand base, making it an appealing choice for investors seeking stable returns.