TUCSON, AZ (July 1, 2025) -- Power Road-Williams Field, LLC, an investment entity managed by Francesca Mucarello of Mesa, has acquired a prime retail property at 2960 North Campbell Avenue in Tucson. The sale closed on June 12, 2025, at a recorded price of $8,323,200 ($1,030. PSF). The seller was Phoenix-based CBDG Campbell that purchased the former Old Chicago Restaurant in 2021 for conversion into two Fox Restaurant Concepts.
The 8,082-square-foot property is fully leased to Fox Restaurant Concepts, housing two of its successful brands: Doughbird and Flower Child. Situated in the Campbell Plaza shopping center - home to Albertsons, Ross, Ace Hardware, World Gym, and Panda Express - the property benefits from strong foot traffic and a high-demand retail corridor just west of the University of Arizona.
Campbell Plaza serves a dense trade area of approximately 272,000 residents within a five-mile radius, with an average household income exceeding $95,000. The tenants operate under long-term triple-net leases, which include annual rent escalations and require tenants to cover common area maintenance, property taxes, and insurance, offering investors a predictable and passive income stream.
The property has a long-term primary lease with 13 years remaining for both tenants with attractive triple net lease structures, and percentage rent clauses on both for potential upside.
Fox Restaurant Concepts has over 142 locations nationwide.
Chris Hollenbeck and Shane Carter of the Cushman & Wakefield – Phoenix office brokered the transaction.
The acquisition reinforces continued investor confidence in Tucson’s core retail corridors, where a mix of national and regional tenants—paired with strong demographics and limited supply—have contributed to historically low vacancy rates and resilient asset performance.
Power Road-Williams Field, LLC is a private real estate investment group with a focus on high-quality retail and mixed-use properties across the Southwestern U.S. The firm’s acquisition of 2960 North Campbell marks a strategic addition to its growing Arizona portfolio.
For more information about the transaction or available retail investments, Hollenbeck can be contacted at 602.224.4475, and Carter is at 602.224.4442 in Phoenix.
Reference: RED Comp #11956.