TUCSON, AZ (October 17, 2025) -- A fully leased triple net investment property at 3355 E Speedway Blvd in Tucson has sold for $1,550,000 ($968 PSF) to Chino Valley-based, 3311 Union, LLC. The property includes a 1,601-square-foot building featuring two drive-thru bays and an adjacent parking lot parcel.
The tenant, the nation’s largest Grease Monkey® franchisee, recently executed a new 15-year absolute NNN lease and operates more than 30 locations across Arizona, Colorado, and Texas.
The Absolute NNN-leased investment property sold to 3311 Union, LLC, of Studio City, CA. The property featured two drive-thru bays and an adjacent parking lot parcel. Tenant recently signed a new 15-year lease and is the largest Grease Monkey® franchisee in the United States, currently operating over 30 locations in Arizona, Colorado, and Texas.
Erik Chapman, CCIM, CPM, and Nick Travassos, MRED, CCIM of Chapman Management Group, LLC represented the seller, Niceland Investments, LLC. The buyer is an affiliate of Sands Investments Arizona, LLC, and was self-represented.
For more information, Erik Chapman can be reached at 520.867.8899, and Nick Travassos at 520.867.8438.
Source: RED Comp #12145