Walgreens (NYSE:WAG) at 8980 E Tanque Verde Road in Tucson was sold before it was finished. The single tenant, freestanding 14,820- square-foot Walgreens with drive-thru opened December 2013. Before construction was completed, 813 Corporation, a Colorado-based investment company (James Pallasch, managing member) had it under contract to purchase at $8.3 million ($560 PSF), an upleg in a 1031 exchange.

The property is a new prototype for Walgreens and one of the first stores in Arizona to have the new “Wellness Experience”. This improved prototype focuses on the Pharmacy and building sustainability internally and externally.

The property was constructed on 3 acres on Tanque Verde, southwest of Woodland Road, and adjoining Bear Canyon Commercial Center. The property has a 75 year absolute NNN Ground Lease. The seller, RPM Catalina & Tanque Verde, LLC, an affiliate of TradeCor Partners (Britt Rand Sanchez, managing member) was also the builder.

The lease is corporate guaranteed by Walgreen Co, with a Standard & Poor’ s Rating A-2 and Moody’ s Rated Baa1. As the Nation’ s largest drug store chain, it remains one of the fastest growing retailers in the country. Now operating over 8,071 locations along with over 700 wellness centers.

The Tanque Verde property is a similar to the Walgreens prototype that sold at 730 E Grant Road recently and was the highest selling Walgreens in the state, that of $9.055 million ($689 PSF).

Listing brokers were Jereme Snyder, Eric Carlton and John Sharpe with Colliers International of Irvine, CA representing the seller. The investor was represented by Bob Bramble with Newmark Grubb Knight Frank of Denver, CO.

Snyder can be reached at (949) 724-5552, Carlton is at (949) 724-5561 and Sharpe is at (949) 724-5546. Bramble can be contacted at (303) 260-4311.

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[mepr-show rules=”58038″]Sale date: 1/15/2014. This transactions was buyer’s upleg in a 1031 exchange and was on a 75 year absolute NNN ground lease. Buyer paid $3,939,361 down and financed the balance conventional. Property sold with an NOI of $460,000, with net lease terms and 10+ years remaining on lease. Property sold at a 5.54 % cap rate.[/mepr-show]

Coopers DIY, LLC of Tucson, dba Mr. Beer, purchased the property at 3366 N Dodge Blvd in Tucson for $906,000 ($72 PSF) for a new store location for Mr. Beer kits. The 12,640-square foot retail building (built 1980) was sold by Commerce Bank in an REO sale.

Coopers Brewery is a family owned brewery with 150 years of experience behind them, and is the world’s largest manufacturer of brewing malts. Mr. Beer®, established in 1993, is the world’s largest producer of home brewing systems. Coopers joined with Mr. Beer® in early 2012, and the world’s # 1 home brewing powerhouse was born!

Mr. Beer® brewers scored BIG with this merger and have made it easier than ever to brew your own beer at home. It’s legal in all 50 states now (Alabama being the last to sign into law on May 9, 2013), and affordable brewing equipment and ingredient kits are what Coopers DIY offers under the name of Mr. Beer.

And since Coopers is teeming with information and nice folks eager to help you at Mr. Beer, it’s hard to find a reason to say “no” to homebrewing. Instead, we have researched and found five reasons to go for it:

#1 Reason: You’ll have fun: You’ll be working with fire and a cauldron of boiling water, like in Macbeth, plus it makes you feel a little like an outlaw, forging your own path and engaging in slightly suspicious (although perfectly legal) behavior. There’s some heavy lifting, but overall, brewing beer is an awesome way to spend an afternoon.

#2 Reason:You’ll save money (well eventually): Gear wise, all it takes to get started is a cheap five gallon stock pot and a basic starter kit from Mr. Beer. This will run you about $100, but if you stick with brewing, these start-up costs will get spread out across many batches of beer. However, from what we were able to research, it’ll take less than four batches to recover your equipment costs and have a fridge stocked with craft-quality beer.

#3 Reason: You’ll make new friends: I’ve heard (at least once) that “beer people are good people” and this is never more evident than when you’re talking about homebrewers. There are thriving communities on the internet just waiting to help a newbie brewer get their first batch to come out just right, and then there’s people at every homebrew supply shop across America who are happy to point you in the right direction. You’ll be surprised how much support and guidance folks are willing to provide, mostly because they’ve been where you are and someone was there to help them, all you have to do is ask.

#4 Reason: You’ll learn a whole lot about beer: If you like to cook, then you know your culinary experiences at home allow you to deconstruct and better appreciate the work of a chef in a fancy restaurant. The same holds true for brewing your own beer. Brewing beer is the single best way to educate your senses, smelling, touching and tasting the raw ingredients make you better at understanding the work of others.

#5 Reason: You’ll feel proud: It’s an awesome feeling to take a sip of a beer you made yourself and realize that you totally nailed it! It isn’t hard to homebrew up a respectable batch of beer, but to create something that would make a master brewer blush is a feeling of triumph. That’s when your self-esteem jumps up a notch or two and you want nothing more than to duplicate that batch again.

Getting started is as easy as visiting the Mr. Beer store today at their company headquarters at 5620 N Kolb Road, Suite 205 Tucson, AZ, where everything is laid out for you, or you can go to their website at https://www.mrbeer.com.

Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | Picor represented the seller in this transaction while Ryan McGregor with Keller Williams Southern Arizona represented the buyer.
Zimmerman should be reached at (520) 546.2755 and McGregor is at (520) 886.8282 for more information.

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[mepr-show rules=”58038″]Sale date: 12/31/2013. Buyer paid all cash. APN: 111-04-033B. Property was formerly occupied by Triumph Builders SW.[/mepr-show]

Miracle Tucson, LLC (Jay Thompson and Anthony Carter) of Irvine, CA purchased the Miracle RV Park at 333 West Glenn Street in Tucson for $1 million ($11,628 per space). The 86-space RV Park was 88% occupied when it sold.

Amenities include all paved roads, a recently renovated 1,376-square-foot clubhouse / office (built 1973) with pool table, lounging area, library, cable TV, internet and laundry facilities. The seller had also planted 200 trees on the property 6-years prior to selling.

This property is centrally located in a central Tucson location near malls, bus lines, shopping centers, and much more.

The Peterson Commercial Group with Keller Williams handled the transaction for buyer and seller, Emron & Betty Jenkins. Pete Peterson of Keller Williams represented the seller and Tiffany Johnston, also with Keller Williams represented the investor.

Peterson should be contacted at (520) 615-8400, while Johnston is at (520) 869-9706.

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[mepr-show rules=”58038″]Sale date: 12/6/2013. Buyer paid $120,000 down with a seller carry back for the balance at 6% with a 6-year balloon. Property was reported to have sold at an 11% cap rate and closed escrow in 30-days.[/mepr-show]