O’Reilly Auto Parts at 3740 East Grant Road in Tucson, a 7,000-square foot net-leased property, according to Don Morrow, regional manager of the firm’s Marcus & Millichap (NYSE: MMI) Phoenix office, sold for $1.25 million ($178.57 PSF).
Mark Ruble, Jamie Medress and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Built in 1999, Grant Dodge LLC (David Lee, manager), the seller, purchased the property in 2013. The well-established location benefits from 38,000 vehicles per day along East Grant Road and tenant recently exercised a first renewal option.
For additional information, Ruble should be reached at 602.687.6766, Medress is at 602.687.6778 and Lind can be contacted at 602.687.6780. David Lee of David Lee Commercial Real Estate can also be reached at 520.795.3199.
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