Valley of Oro Retail, LLC purchased a 10,599 square foot retail building on 1.43 acres at 10875 and 10885 N. Oracle Rd. in Oro Valley. The property was purchased from Oracle at La Reserve, LP for $3,990,000 ($376 PSF).
Corner outparcel of Home Depot Plaza. Two freestanding buildings, 5,144-square-feet for Big O Tires and 5,445-square-feet for Bedmart, totaling 10,599-square-feet. Both tenants are in their second term.
Started in Portland, Oregon in 1992, the typical BedMart location is roughly 5,000 square feet with about 55 beds on the floor. The retailer carries brands from a wide range of mattress manufacturers: Tempur-Pedic, Serta, Kingsdown, Pure LatexBLISS, Five Star, Sleep Harmony, Corsicana, Northwest Bedding and Easy Rest, though not all brands are on the floor of every store.
The Big O Tires story begins back in 1962, just as America's new love affair with the automobile was hitting high gear. The market for replacement tires was exploding, and independent tire dealers found themselves struggling to compete in the face of low prices offered by major tire manufacturers' own company stores. Big O's founding fathers were a handful of progressive independent tire dealers who decided to band together to form a tire-buying cooperative so that they could secure volume pricing and keep their customers happy. Their concept worked. In the years that followed, The Big O Tires co-op evolved into a full-fledged franchise as it continued to find innovative ways to harness the power of the collective to benefit independent dealerships and their customers.
Aaron LaPrise and Greg Furrier, Retail Specialists with Cushman & Wakefield | PICOR, represented the buyer and Kirk Costich with Southern Arizona Real Estate Partners, represented the seller in this transaction.
To learn more LaPrise and Furrier can be reached at 520.748.7100 and Costich should be contacted at 520.290.9522.
See also RED Comp #3315 for additional information.