TUCSON, AZ (May 16, 2025) – McDonald’s Real Estate Company has acquired a 1.37-acre pad at Valencia Crossing in Tucson for $1,195,000, equating to approximately $20 PSF for the land.

Derrick Sinclair of Terramar Properties, Inc. represented the seller, Valencia Crossing Long Term Investment Company, an affiliate of Terramar Properties, the developer of Valencia Crossing, in the transaction that closed May 14, 2025.

The site is located at the intersection of Valencia Road and Littletown Road, within the Valencia Crossing development—one of Tucson’s fastest-growing areas for residential, retail, and multifamily expansion. The parcel benefits from signalized access and established cross easements, making it a prime location for national tenants.

According to plans submitted to the City of Tucson in August 2024, the proposed McDonald’s restaurant for the site will be approximately 3,801 square feet.

The nearest existing McDonald’s is located at 3105 E Valencia Rd, roughly 1.5 miles east of the site. The new location will help serve the rapidly expanding South Tucson corridor, where more than 330 multifamily units and over 320 residential lots are currently planned or under construction by major builders including Lennar and Meritage Homes.

This acquisition supports McDonald’s ongoing strategy to secure high-visibility, high-traffic sites in growing submarkets, reinforcing its presence in key trade areas throughout Southern Arizona.

For more information about this transaction or other available sites in the area, contact Derrick Sinclair with Terramar at (520) 577-7800.

Reference: RED Comp #11908

TUCSON, ARIZONA (May 16,  2025) – A retail property at 5000 E Valencia Road in Tucson has been sold to 5000 E Valencia Rd, LLC, a San Francisco-based investment entity, for $2.5 million. The buyer is affiliated with William J. Mandel.

The 1.42-acre site includes a 5,205-square-foot retail building constructed in 2001. It is home to two national tenants: Speedway, a leading convenience store and fueling station, and Jack in the Box, a quick-service restaurant with a full menu available around the clock. The property’s visibility and access are enhanced by its location in Tucson’s rapidly growing south side, just east of major employers like Raytheon and Davis-Monthan Air Force Base, and approximately 4 miles from Tucson International Airport.

The transaction closed on May 12, 2025.

Previously listed for $2,711,618, the asset offered investors a net operating income (NOI) of $149,139 and a cap rate of 5.5%. According to marketing materials, Jack in the Box is on a long-term lease with scheduled rent escalations. The annual rent is set to increase from $138,091.68 to $149,139.01 in June 2025, with future adjustments tied to the Consumer Price Index (CPI) starting in 2030.

The transaction reflects continued investor interest in high-visibility retail assets with stable, credit-rated tenants in strategic growth corridors. The immediate area around the property is experiencing strong demographic trends, with a projected 4.06% population growth within a one-mile radius by 2029.

Simon Assaf with Matthews Real Estate Investment Services, based in Scottsdale, Arizona, handled the transaction on behalf of the seller.

For more information about the transaction or similar investment opportunities, contact Assaf at 949.873.0275.

Reference: RED Comp #11905.

TUCSON, ARIZONA (May 15, 2025) – Providence Property Group has acquired the Tropicana Apartments, a 14-unit garden-style multifamily property located at 3815–3819 E. 3rd Street in Tucson, Arizona, for $1,735,000. The sale price equates to $123,929 per unit and $200.58 PSF.

This marks Providence Property Group’s first acquisition in the Tucson market. The firm—active across Georgia, Florida, North Carolina, and Texas—focuses on acquiring well-located, stabilized multifamily, office, retail, and adaptive reuse properties in growth markets.

Tropicana Apartments features a mix of (2) studios, (8) one-bedroom/one-bath, and (4) two-bedroom/one-bath units. Each unit includes in-unit washers and dryers and private backyards. Residents also enjoy access to a central courtyard with a pool and BBQ area. The property maintains a strong occupancy history and is ideally positioned near the University of Arizona and Park Place Mall, offering a convenient lifestyle for tenants.

The transaction represents a turn-key investment opportunity for Providence, aligning with its strategic focus on acquiring high-quality assets with value-add potential.

Allan Mendelsberg and Joey Martinez of Cushman & Wakefield | PICOR represented both buyer and seller in the transaction.

For more information, Mendelsberg can be reached at  520.546. 2721 and Martinez is at  520.546.2730.

Reference: RED Comp #11902