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Wells Fargo @ The Ritz Carlton Dove Mountain Entrance

12140 N Dove Mountain Blvd, Marana, AZ 85658

Listing Price: $2,050,000

Cap Rate
6.00%
Tenant Name
Wells Fargo
Years Remaining On Lease
5.2
Guarantor
Corporate Guarantee
Rentable SF
4,692
Lease Type
NNN Ground Lease
Rent Per Square Feet
$26.21

Investment Overview

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.3 trillion in assets. Wells Fargo provides a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management.

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.

Investment Highlights

  • Absolute Triple-Net (NNN) Ground Lease with Five Years Remaining on Lease Term
  • Ten Percent Rental Increases Every Five Years with Multiple Renewal Options
  • 58,077 Residents within a Five-Mile Radius - Dense Trade Area in the Tucson MSA
  • Located in Rapidly Growing Marana - Households and Population Projected to Increase Approximately Five Percent or More in the Surrounding Area by 2030
  • More Than 28,000 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)

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Bank

Wells Fargo @ The Ritz Carlton Dove Mountain Entrance

Listing Price: $2,050,000

Cap Rate
6.00%
Tenant Name
Wells Fargo
Years Remaining On Lease
5.2
Guarantor
Corporate Guarantee
Rentable SF
4,692
Lease Type
NNN Ground Lease
Rent Per Square Feet
$26.21

Investment Highlights

  • Absolute Triple-Net (NNN) Ground Lease with Five Years Remaining on Lease Term
  • Ten Percent Rental Increases Every Five Years with Multiple Renewal Options
  • 58,077 Residents within a Five-Mile Radius - Dense Trade Area in the Tucson MSA
  • Located in Rapidly Growing Marana - Households and Population Projected to Increase Approximately Five Percent or More in the Surrounding Area by 2030
  • More Than 28,000 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

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.3 trillion in assets. Wells Fargo provides a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. 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.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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