TUCSON, ARIZONA -- Four acres of vacant land at 1526 North Alvernon Way in Tucson sold for construction of a Dairy Queen and additional commercial pads. The buyer, William Sladek and Perter Simms of Chandler are Dairy Queen franchisees and need approximately one acre for their new store planned. The remaining three acres can be split into three pads for resale for any variety of other commercial uses.
Located at the southeast corner of Lee Street and Alvernon Way, the four acres was used for many years by El Sinaloense Hot Dog Cart. The vacant land closed for $575,000 ($3.92 PSF) on May 12th.
The buyers are working with an architect and the City of Tucson on the project. However, with the COVID-19 shutdown, ground breaking for the Dairy Queen has not yet been set.
Steve Cohen with Cushman & Wakefield | PICOR represented the seller, GDVTN Properties, LLC, an affiliate of Solar Industries in Tucson. The buyer was represented by Rommie Mojahed of Sperry Van Ness Desert Commercial Advisors of Phoenix. Mojahed has also been commissioned to market the additional pads for the buyers.
For more information, Mojahed should be contacted at 602.0702.4663. Cohen can be contacted at 520.546.2750.
To learn more, see RED Comp #7789.