TUCSON, ARIZONA – A Family Trust, the Johnson Family Trust of Henderson, NV bought the Arby’s Restaurant at 4405 N 1st Avenue in Tucson for $2.392 million ($790 PSF) in an investment sale.
Built in 1984, the 3,028-square-foot Arby’s is on a 37,392-square-foot lot sold with a new 20-year triple net lease and fixed 10% rent increase every 5-years through the initial term and options. The restaurant was previously a Boston Market, remodeled in 2020 to an Arby’s with 38 parking spaces, pylon signage, drive-thru and outside dining area.
Clint Short with Matthews Real Estate Investment Services represented the seller, Bonanza Plaza of Scottsdale, and is now with Berkeley Capital Advisors.
To learn more, see RED Comp #8443.