Native Grill & Wings, at 10255 East Old Vail Road in Tucson sold in an investment sale for $3,147,541 ($631 PSF). An award winning Arizona restaurant chain known for its 20+ wing flavors that guests can order by the individual wing, is opened this location, its fourth location in Tucson on April 18, 2016.

The newly constructed 4,991-square-foot restaurant is located on a 1.2 acre pad in Old Vail Plaza on the hard southwest corner of Old Vail and Houghton Road where a variety of top tier retailers have signed leases.

The new restaurant is owned by franchise connoisseur Brad Williams. He also acquired part-ownership of the Native Grill & Wings franchise in Fall 2015, and just recently opened his first location in Missoula, Montana.

“I am excited to continue bringing a staple brand like Native Grill & Wings to the people of Tucson,” said Williams. “We hope to see the city remain a hub for chicken wing lovers who have remained loyal to the Native name for decades.”

Williams is no rookie to the franchise industry, owning 15 Freddy’s Steakburgers and Frozen Custards locations with development rights for 50 more in Utah, Idaho, Montana, Wyoming, and Arizona. His first Montana Native Grill & Wings location opened February 1, and he plans on opening between four and six more in the future.

Native Grill & Wings (or, “Native,” as the regulars called it) focuses on food and being family-friendly. The polished sports grill proudly offers 20 wing flavors – from Strawberry Hot to Ancho Chile Lime, Asian Garlic to Honey Chipotle, as well as an extensive menu of burgers, sandwiches, salads and more. Most of the sauces and rubs can be used to customize other menu items.

The restaurants are divided into a bar and restaurant, with approximately 30-40 flat screen TVs throughout, offering sports coverage for families and serious fans, and a customer base spanning all generations – baby boomers, Generation Xers and Millennials.

Native is open from 11:00 am to 11:00 pm every day except Friday and Saturday when it is open from 11:00 am to midnight.

“We’ve primarily followed the hub-and-spoke model of expansion, conquering our local market first, and then expanding into additional cities and states throughout the nation,” said CEO Dan Chaon. “We’re incredibly proud of the recognition and iconic status we’ve received in our own backyard over the past three decades and we hope to see the brand continue to grow more and more in Arizona.

The property sold with a 15-year absolute net lease with rental increases every five years and option periods.

John Andreini of Capital Pacific in San Francisco handled the transaction representing the seller, Las Plazas Native LLC of Surprise and the investor G&G Investments of Sherman Oaks, CA (Andrew Glassman, manager).

For more information, Andreini should be reached at 415.274.2715 and Williams can be called at 520.822.8394.

To learn more, see RED Comp #3800.

Wildflower Apartments LLC of Nogales, AZ (George Wise, manager) bought the 28-unit apartments at 2850 N Alvernon Way in Tucson for $1.1 million ($39,286 per unit). The property was built in 1977 with 16,438-square-feet total rentable on .87 acres.

Wildflower Apartments is located east of Alvernon Way and Hayhurst Lane in central Tucson.

The unit mix consists of 20 one-bedroom units and eight two-bedrooms / one bath units. The property sold 93% occupied.

Amenities include on-site laundry facilities, patio / balconies, a pool and storage units.

The buyers were attracted to the property’s central location near shopping and employment opportunities. Nearby shopping includes a grocery anchored center less than a mile south of property and The Tucson Mall northwest of the property. The property is also less than 5 miles from the University of Arizona, University Medical Center, Tucson Medical Center, The Tucson Auto Mall and major retail employment along East Grant Road.

The immediate surroundings are primarily single family homes and other multifamily residence, despite being a major arterial road.

Allan Mendelsberg, Principal, Cushman & Wakefield | Picor of Tucson represented the seller, Paul Zimmer, an investor from San Diego, CA in the transaction and Tony Reed with Long Realty Company in Tucson represented the buyer.

For more information, Mendelsberg can be reached at 520.546.2721 and Reed should be contacted at 520-918-5189.

To learn more, see RED Comp #3819.

Tucson, AZ — ABI Multifamily, Arizona’s largest locally operated, dedicated multifamily brokerage and advisory services firm, is pleased to announce the $1,134,400 ($56,720 per unit) sale of the El Dorado Terrace Apartments at 6224-6238 East Fairmount Street, a 20-unit apartment community located in Tucson, Arizona.

Built in 1978, this single story apartment community in twin 10-unit buildings on separate parcels features all 2-bedroom / 1-bath unit types, approximately 900-square-feet in size.  These spacious units are separately metered for electricity and feature individual carports, fenced yards, washer/dryer hookups, tile floors and evaporative cooling.  The property also features two pools.

“El Dorado Terrace Apartments is a well maintained asset located across the street from Dorado Country Club Golf Course and Tucson’s famous, Casa Molina Mexican Restaurant.  Additionally, the property less than six miles from the University of Arizona,” states Lance Parsons, CCIM, Senior Vice President at ABI.  “This unique single-story property attracted much investor attention due to its location and unique design aesthetic which provide tenants with their own fenced in yards and covered parking.”

The seller, Susan and Michael Davis Trust, is a private multifamily investor based in Arizona.

The buyer, Kimball Peak Properties of Tucson, is a private multifamily investor based in Arizona.

ABI Multifamily’s Tucson office led by Lance Parsons represented both the seller and buyer in this transaction.

ABI Multifamily is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. The experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.

For more information, Parsons should be reached at 520.265.1945.

To learn more, see RED Comp #3809.