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Restaurant

Ojos Locos

4745 S Landing Way, Tucson, AZ 85714

Listing Price: $4,000,000

Cap Rate
6.75%
Tenant Name
Ojos Locos
Guarantor
Corporate Guarantee
Rentable SF
7,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.00

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Ojos Locos Sports Cantina located at 4745 South Landing Way in Tucson, Arizona. The subject property consists of approximately 7,500 rentable square feet and is situated on roughly 1.18 acres of land. The property is subject to a brand-new, 20-year sale-leaseback that will commence upon the close of escrow. The base rent will be $270,000 and is scheduled to increase by 7.50% every five years, continuing throughout four (4), five (5)-year tenant renewal options.

Investment Highlights

  • 20-Year Absolute Triple-Net (NNN) Sale-Leaseback
  • Corporate Tenant | Corporate Guarantee
  • Attractive Rental Increases of 7.5% Every Five (5) Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Listing Price: $4,000,000

Cap Rate
6.75%
Tenant Name
Ojos Locos
Guarantor
Corporate Guarantee
Rentable SF
7,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.00

Investment Highlights

  • 20-Year Absolute Triple-Net (NNN) Sale-Leaseback
  • Corporate Tenant | Corporate Guarantee
  • Attractive Rental Increases of 7.5% Every Five (5) Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Ojos Locos Sports Cantina located at 4745 South Landing Way in Tucson, Arizona. The subject property consists of approximately 7,500 rentable square feet and is situated on roughly 1.18 acres of land. The property is subject to a brand-new, 20-year sale-leaseback that will commence upon the close of escrow. The base rent will be $270,000 and is scheduled to increase by 7.50% every five years, continuing throughout four (4), five (5)-year tenant renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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