TUCSON, ARIZONA (May 16, 2025) – A retail property at 5000 E Valencia Road in Tucson has been sold to 5000 E Valencia Rd, LLC, a San Francisco-based investment entity, for $2.5 million. The buyer is affiliated with William J. Mandel.
The 1.42-acre site includes a 5,205-square-foot retail building constructed in 2001. It is home to two national tenants: Speedway, a leading convenience store and fueling station, and Jack in the Box, a quick-service restaurant with a full menu available around the clock. The property’s visibility and access are enhanced by its location in Tucson’s rapidly growing south side, just east of major employers like Raytheon and Davis-Monthan Air Force Base, and approximately 4 miles from Tucson International Airport.
The transaction closed on May 12, 2025.
Previously listed for $2,711,618, the asset offered investors a net operating income (NOI) of $149,139 and a cap rate of 5.5%. According to marketing materials, Jack in the Box is on a long-term lease with scheduled rent escalations. The annual rent is set to increase from $138,091.68 to $149,139.01 in June 2025, with future adjustments tied to the Consumer Price Index (CPI) starting in 2030.
The transaction reflects continued investor interest in high-visibility retail assets with stable, credit-rated tenants in strategic growth corridors. The immediate area around the property is experiencing strong demographic trends, with a projected 4.06% population growth within a one-mile radius by 2029.
Simon Assaf with Matthews Real Estate Investment Services, based in Scottsdale, Arizona, handled the transaction on behalf of the seller.
For more information about the transaction or similar investment opportunities, contact Assaf at 949.873.0275.
Reference: RED Comp #11905.