NLA Oro Valley, LLC, an affiliate of Nashville-based Net Lease Alliance (C. Patrick Cox, CEO), purchased the former Coxco Fuel station at 7201 North Oracle Road, Tucson at the northwest corner of Ina and Oracle for $582,500 ($29 PSF) for land value. The property consists of a 500-square-foot building and 20,069-square-feet of land.
The property is to be redeveloped as a 3,500-square-foot Bedmart store.
Net Lease Alliance provides 100% of the capital for net lease projects on a non-recourse basis by managing multiple capital sources and the loan-to-equity balance on a project-by-project basis coast to coast.
Additionally, Net Lease Alliance provides a stable of services critical to real estate success, including pre-development, development, construction, legal, property management, disposition and asset placement.
By providing capitalization and other comprehensive success-critical support services, Net Lease Alliance allows you to focus your time and energy on "the art of the deal" maximizing opportunities in every part of your "pipeline."
Bedmart has grown from its humble beginnings to a 34, soon to be 35, store chain with locations throughout Arizona, including the Tucson and Phoenix Metro areas. Also, stores go as far north as Carefree/Cave Creek and as far south as Green Valley and Sierra Vista.
Bedmart is dedicated to giving every customer the best possible mattress buying experience – with the best selection, such as Serta, iComfort, iSeries, Perfect Sleeper, Simmons, Comforpedic Beautyrest, Beautyrest Black, Elite, World class and Tempurpedic. Trained sleep professionals help you find the right bed and a low price guarantee. You’re going to see every type of bed – all the latest sleep technologies — in one place. Do you want a pressure-relieving memory foam mattress with an adjustable base so you can work and read comfortably in bed? Have you seen the latest engineering in never-turn, innerspring mattresses? Bedmart has them all by the names you know and trust.
Debbie Heslop, CCIM, of Volk Company in Tucson represented the seller, Cox Investment Group (William Cox) of Tucson. Western Retail Advisors of Irvine, CA represented Net Lease Alliance in the transaction.
The buyer can be reached at (615) 724-1020. Western Retail is at (949) 955-0391. Heslop should be contacted at (520) 326-3200.