Angie’s Prime Grill net-leased drive-thru sells on Campbell for $3.55 million

Angie’s Prime Grill

TUCSON, AZ (January 30, 2026) – The net-leased retail property occupied by Angie’s Prime Grill at 2574 N. Campbell Ave., Tucson, AZ sold for $3,550,000 ($2,329.40 PSF) on January 23, 2026.

The 1,524-square-foot drive-thru building (built 2024) sits on 0.33 acres in Tucson’s Central submarket, at the southwest corner of Campbell and Copper Street.

The investment asset closed at a 6.51% cap rate, based on the marketed NOI of $231,030.

The property is described as a fast-food restaurant use with drive-thru, supported by a 20-year absolute lease featuring 2% annual rent increases, consistent with investor demand for long-term, operations-light, net-leased QSR product in established infill corridors.

The seller was Fortis Campbell LLC, an affiliate of Fortis Development of Mesa, c/o Kevin Benson.

The investor is Wilcox Center II LLC  of Tucson, c/o Neil Kleinman.

The Net Lease Property Group of CBRE in Phoenix handled the transaction with Benjamin Farthing and Owen Littrel.

Source: RED Comp #12319.




Saguaro Ranch II Custom Homesite Sells for $1.32M in Marana

Saguaro Ranch
Saguaro Ranch Entrance Tunnel

MARANA, Ariz. (January 29, 2026) — A single custom homesite in Saguaro Ranch II at 14035 N. Ranheim Place in Marana sold for $1.32 million on Jan. 16, 2026. The 5.13-acre parcel traded at approximately $257,230 per acre ($5.91 PSF).

The buyer, Coppia Farms LLC of Oak Grove, MN purchased the vacant residential lot from The Mark B Decof Arizona Realty Trust (Rhode Island) in an owner-user transaction. The sale reflects a $330,000 down payment.

The sale comes as Saguaro Ranch continues positioning itself as a privacy-forward luxury desert community in the Tortolita Mountains, emphasizing what it describes as a careful balance between progress and preservation. Community updates highlight ongoing infrastructure enhancements, gated access, curated design guidelines, and long-term improvements intended to protect the natural desert setting that defines the community.

A key element of that stewardship focus is the site’s extensive native landscape. Saguaro Ranch materials note the community is home to more than 17,000 native saguaros, with preservation described as central to development decisions.

Amenities at The Saguaro Ranch Club are also being marketed as part of the lifestyle package, including a 25-yard lap pool, jetted spa, patios with fire pits, a fitness center framed by Catalina Mountain views, two pickleball courts, bocce, and a private clubhouse designed for gatherings and events.

For inquiries and showings within the community, on Saguaro Ranch Eddie Escobido III is the contact sales point at 520.501.4003.

 




Northwest Tucson Office Building Changes Hands for $3.2 Million

Northwest Tucson

TUCSON, Ariz. (Jan. 28, 2026) — The Mahoney Group office building at 5330 N. La Cholla Blvd. in Northwest Tucson, a single-story property located on La Cholla Boulevard south of River Road, has sold. The 17,019-square-foot building traded for $3.2 million ($188.03 PSF) in an owner-user transaction.

The seller, M & O Tucson, LLC, an affiliate of The Mahoney Group, was represented by Isaac Figueroa, CCIM, SIOR, with Larsen Baker. The buyer, Spencer Land, LLC, an affiliate of Spencer Construction,  was represented by David Carroll with Paul Ash Commercial Real Estate.

Built in 2008, the building totals 17,019 square feet on approximately 1.7 acres within the Riverside Crossing commercial park.

The buyer and seller are expected to each occupy a portion of the building in the short term before the buyer takes full occupancy.

Spencer Construction is a locally owned construction firm serving Southern Arizona, providing full-service heavy civil and security infrastructure, including general contracting and construction management across diverse projects. Founded in 2017, the company is led by Patrick Spencer and is based in Tucson, learn more  at Spencer Construction LLC | Heavy Civil Contractor in Tucson, AZ

For more information on this transaction, contact Isaac Figueroa, CCIM, SIOR, at (520) 296-0200, or David Carroll with Paul Ash Commercial Real Estate at (520) 795-2100.

Source: RED Comp #12300