TUCSON, AZ – Chuck E. Cheese Corporation has purchased franchisee’s 15,184-square-foot building situated on 2.33 acres of land located at 6125 E. Speedway Blvd., Tucson, AZ. Chuck E. Cheese is the #1 operator in the family entertainment industry in the world, with 659 locations.
The asset was purchased from the Franchisee for $3.3 million ($217 PSF).
This transaction closed on December 15, 2021, and also re-opened the location the same day.
Craig Finfrock of Commercial Retail Advisors, LLC represented the seller, Melvin Property #3197.
Commercial Retail Advisors, founded in 2001, specializes in the leasing and sales of shopping centers and retailer tenant representation throughout southern Arizona. For more information, please contact Craig Finfrock of Commercial Retail Advisors at (520) 290-3200 or visit their website at www.cradvisorsllc.com.
To learn more, see RED Comp #9570.