TUCSON, Ariz. (August 14, 2025) – A newly constructed Tropical Smoothie Café drive-thru property at 7040 E Broadway Blvd in Tucson, at the intersection of Broadway Boulevard and Kolb Road, has sold for $1,984,000 ($1,220 PSF), representing a 6.3% capitalization rate.

The freestanding building is secured by a 12-year absolute triple-net (NNN) lease, which includes 10% rental increases every five years and two additional five-year renewal options. The current annual rent is $125,000.

Offering full ingress and egress from both Broadway Boulevard and Kolb Road, the property is positioned in one of Tucson’s most active retail corridors, home to more than 242,000 residents with an average household income exceeding $68,000.

Tropical Smoothie Café, ranked the #1 smoothie/juice brand, has recorded 12 consecutive years of positive same-store sales, including in 2023. The lease is further backed by two separate personal guarantees from experienced multi-unit operators with significant financial resources.

Cassandra Mosser and Jonathan Eckerd with NNN Pro Group (New York) handled the transaction.

Source: RED Comp #12028.

TUCSON, AZ (August 14, 2025) — A newly built multi-family quadruplex at 1603 S Van Buren Avenue, Tucson, AZ 85711, sold for $850,000. The 4,316-square-foot property, completed in 2025, features 12 bedrooms and eight bathrooms in four three-bedroom / two-bath units. Designed with open layouts, stainless steel appliances, tile flooring, and spray-foam insulation, the building offers energy efficiency and turnkey appeal for investors.

The location in the Corbett neighborhood, south of 22nd Street and east of Kino Parkway, is a few miles southeast of the downtown core. The area is primarily residential, with a mix of single-family homes, small multifamily buildings, all within proximity to Davis–Monthan Air Force Base.

The transaction was handled by listing broker Brenden Urias Buono of Engel & Völkers Tucson. The sale equates to roughly $164,300 per unit, slightly below Tucson’s first-quarter 2025 average of $164,338 per unit, but above the citywide average price per square foot of $189.09.

Tucson’s multifamily market has been active in 2025, with approximately 2,400 new units expected to deliver this year. The first quarter saw a vacancy rate of 8.81%, up from 8.23% a year earlier, while average monthly gross rents fell by $28 to $1,154 per unit. Despite these shifts, investor interest remains strong, particularly in new, low-maintenance properties like the Van Buren quadruplex. Comparable recent sales in the area, including an eight-bedroom property on East 24th Street and a ten-bedroom complex on South Jefferson Avenue, reflect sustained demand for similar multi-unit assets.

At approximately $197 per square foot, the Van Buren property represents a competitive value for a modern, energy-efficient rental in a growing market. With continued economic and population growth fueling rental housing demand, the property’s high-quality finishes, strategic location, and low upkeep requirements position it for long-term stability in Tucson’s evolving multifamily sector.

For more information, contact Brenden Urias Buono of Engel & Völkers Tucson at 520.270.2558.

TUCSON, Ariz.  (August 13, 2025) – Twin Oaks Valley Property, LLC, an investment group based in Encinitas, California, has purchased a well-equipped industrial facility at 3424 S Campbell Avenue in Tucson for $1,950,000 ($179 PSF). The seller, SDS Smith Family Investments, LLC of Lubbock, Texas, was represented in the transaction by Danny Roth, a commercial specialist with Omni Homes International in Tucson.

The property features a 10,900-square-foot industrial building situated on over half an acre of secure, fenced, and gated land. The facility is designed for versatile operations with multiple roll-up garage doors, a concrete ramp, and four restrooms, making it suitable for a range of light industrial, logistics, or contractor uses.

In addition to the main structure, the property includes a 1,500-square-foot, two-story office component with seven private offices, a training room, a viewing room, and central air conditioning, providing a balanced mix of administrative and operational space.

The site’s location, just minutes from major transportation arteries including Interstate 10 and Tucson International Airport, provides strategic connectivity for businesses seeking to serve the local market or broader regional distribution networks.

The sale closed on July 30, 2025, reflecting continued investor confidence in Tucson’s growing industrial market, which has seen steady demand from both owner-users and investors seeking functional, well-located assets.

For additional information about this transaction or other industrial property opportunities in Southern Arizona, contact Roth at Omni Homes International at 520.490.4000 or visit www.omnihomesinternational.com.

Source: RED Comp #12026