TUCSON, ARIZONA –  Earlier this year, Tucson South Development Group LLC, an affiliate of Long Development Corporation (David Long, president) purchased 5.34-acres south of the southeast corner of Indian Agency Rd and Valencia Rd in the Midvale Park Shopping Center in Tucson, Arizona to split into two lots.

The construction of a 21,702-square-foot Tractor Supply store with 15,000-square-foot fenced outdoor display area was constructed at 1715 W Valencia that recently sold for $5.075 million ($234 PSF) in a net lease sale to IS Corporation of Boca Raton, Florida.

The remaining 2.68 acre undeveloped pad sold to WG Midvale Holdings LLC, an affiliate of Whirlygig Properties of Tucson (Barry Kitay and Lynn Taylor, principles) for $1 million ($8.57 PSF).

The buyers purchased to develop a Goodwill Store on this site adjacent to the Tractor Supply store

The Goodwill store at 1680 W Valencia Road will be expanding into this location when complete. Located near the new 104,000-square-foot Fry’s Supermarket along Valencia Road, a major arterial road serving the southwest submarket of Tucson, neighboring tenants include Walmart Supercenter, Lowe’s and several banks and restaurants.

Bryan Babits with Western Retail Advisors of Phoenix represented the seller and the buyer was self-represented in the transaction.

For more information, Long should be contacted directly at 602.574.0731.

TUCSON, ARIZONA – Tucson South Development Group, LLC, an affiliate of Long Development Corporation (David Long, president) sold the Tractor Supply store at 1715 W Valencia to IS Corporation of Boca Raton, Fla. for $5.075 million ($234 PSF) in a net lease sale.

The 21,702-square-foot Tractor Supply store on 2.3 acres was a built-to-suit in 2017 and is the fourth Tractor Supply in metro Tucson with other locations in Catalina, Green Valley and Marana.  The store includes a 15,000-square-foot fenced outdoor display area.

Located near the new 104,000-square-foot Fry’s Supermarket along Valencia Road, a major arterial road serving the southwest submarket of Tucson. Neighboring tenants include Walmart Supercenter, Lowe’s and several banks and restaurants.

Tractor Supply Company targets ranchers, homeowners, do-it-yourselfers, contractors and trade workers, with its inventory that includes tractor/trailer parts and accessories.

Long was self-represented in negotiations for the seller.

For more information on this transaction and the future development, Long should be contacted directly at 602.574.0731.

To learn more, see Red Comp #5273.

TUCSON, Arizona — Tucson Marketplace at the Bridges is at Kino and I-10 in the southern submarket of Tucson. This 114-acre project anchored by Costco and Walmart will have approximately 1 million-square-feet of shops, pads, entertainment and anchors when fully completed. It has experienced some exceptional growth this past year.

Costco and Walmart were already joined by McDonald’s, Great Clips, Mattress Firm, Sports Clips, Sprint, Verizon, and Starbuck’s. This past year delivered a 25,000-square-foot Planet Fitness and a 53,678-square-foot Century Theatre with 14 screens in addition to a 12,550-square-foot Lin’s Chinese Buffet. A 30,000-square-foot Dave & Buster’s getting ready to tentatively open April 10^th.

Recently, Texas-based, Global New Millennium Partners purchased a 2.8-acre pad for construction of a 2,844-square-foot Popeye’s Restaurant with an addition 1,000-square-foot patio. The developer paid $860,000 ($7.00 PSF) for the pad.

Popeye’s restaurant is known for its New Orleans style menu featuring spicy Bonafide^® Chicken, Handcrafted Tenders and fried shrimp as well as jambalaya, red beans and rice and signature buttermilk biscuits. This will be Popeye’s fifth location in the Tucson metro area.

Randolph Titzck and Chad Russell with Land Advisors Organization in Phoenix represented the seller, Fullerton Properties of Toronto, Ontario, Canada. Dave Cheatham and Darren Pitts with Velocity Retail Group in Phoenix represented the buyer.

For additional information, Titzck and Russell should be reached at 480.483.8100. Pitts can be contacted at 602.682.6050 and Cheatham is at 602.682.6060.

To learn more, see RED Comp #4435.