TUCSON, ARIZONA – A 15,150-square-foot stand-alone retail building at 3775 South 16th Avenue in Tucson sold in a net lease investment for $1.625 million ($107 PSF). The property is fully leased to Boot Barn® that has been located at this same location for over 30 years.
The property is located in the Santa Cruz Shopping Center at the corner of I-19 and State Highway 86 aka Ajo Way in Tucson’s South submarket. Boot Barn is the nation’s leading western and work wear company operating over 265 stores in 36 states.
Boot Barn® epitomizes the American dream of hard work, honesty and value. When founder Ken Meany opened the very first store in Huntington Beach, California back in 1978, little did he realize that his vision and values would help drive what Boot Barn® is today.
Boot Barn® honors our American heritage. Offering quality products at good value. Its shelves are stocked with quality western and work gear for the whole family. More than 8,000 styles of boots, jeans, shirts, hats, belts, jewelry and more. All the latest styles from the brands you trust like Wrangler, Ariat, Justin, Carhartt, Dan Post, Resistol, Montana Silversmith and many, many more.
There are three Boot Barn locations in Tucson. Last quarterly financials reported increased sales even through CoVid 19, thanks to consistent sales to essential workers. Visit Boot Barn store online here.
David Lee and Cameron Lee of David Lee Real Estate of Tucson were the sole brokers and represented the seller Gee Garden Properties -1, LLC (David Gee, manager) who developed the property.
The California buyer, BB Ajo, LLC (Arthur Flores, et al) are experienced commercial real estate brokers/investors licensed with CBRE of Newport Beach, CA.
For more information, Cameron Lee can be reached at 520.878.8424 and David Lee is at 520.954.8008.
To learn more, see RED Comp #8594.