TUCSON, ARIZONA – The former Chuy’s Mesquite Broiler at 7101 East 22nd Street in Tucson sold vacant for $950,000 ($378.49 PSF).
The restaurant was on a year-to-year lease and closed in January 2023. It was purchased by local investors to renovate for a new owner user.
It is an approximate 2,500-square foot single-tenant retail building on an estimated .49 acres of land, built in 1968.
It is located on the hard signalized corner of 22nd Street and Kolb Road within Palo Verde Plaza. Surrounding tenants within the plaza include Goodwill, Payless, Popeyes, Filiberto’s, Pep Boys, Arby’s and Desert Rat. Across the street from the subject property is a Toyota dealership, 99 cent store, Jack in the Box, Starbucks, SmashBurger, McDonald’s, Bank of America, Wells Fargo, Sally Beauty Supply, ACE Hardware, Brake Masters, Enterprise and Tucson Bowl. Palo Verde High School is also located just one block from the property.
Located in a dense infill location, the property is surrounded by rooftops and approximately 218,000+ residents within a five-mile radius. The property also benefits from the 97,000+ daily traffic counts along 22nd Street and Kolb Road.
The buyer is Tangerine Gateway, Cameron Lee, member, is a real estate broker with David Lee Real Estate Company in Tucson. The seller, Taie Hyon Yu, is a California investor who purchased the property in 2018.
For more information, contact Lee at 520.954.8008.
To learn more, see RED Comp #10821.