Two Tucson Area Triple Net Investments Sell for $4.62 Million

TUCSON, Arizona (Nov. 3, 2026) — Two recently built retail properties leased to Take 5 Oil Change and Desert Drifter sold for a combined $4.62 million in separate October triple net investment transactions. Both properties feature long term triple net leases with scheduled rent increases.

Based on advertised net operating income and recorded sale prices, each transaction reflects an approximately 6.25% capitalization rate. Those calculations remain subject to confirmation of income in place at closing.

Take 5 Oil Change Sells for $2.7 Million

Zion Drug Inc. of Hurricane, Utah, purchased the Take 5 Oil Change property at 3201 S. Park Avenue in Tucson for $2,703,000 from Tucson-Park Take Five LLC. The transaction closed October 7, 2026.

Built in 2025, the approximately 1,400-square-foot automotive service building features three service bays and sits within The Bridges, the mixed use development near Interstate 10 and Kino Parkway.

The property was marketed as a sale leaseback with a new 15-year absolute NNN lease beginning at closing. Lease provisions include 10% rent increases every five years during the initial term and option periods. Under the advertised lease structure, the tenant assumes property expenses and maintenance responsibilities.

SRS Real Estate Partners marketed the property at $2,816,000 with advertised annual net operating income of $168,953. The final purchase price implies an approximately 6.25% cap rate.

Alex Mobin with Marcus & Millichap represented the buyer, in association with Ryan Sarbinoff, the firm’s Arizona broker of record.

Desert Drifter Property Trades for $1.92 Million

In Oro Valley, Key Caffee LLC purchased the Desert Drifter property at 10335 N. La Cañada Drive for $1,920,000 from ONETEN REI GUADALUPE LLC. The sale closed October 8, 2026.

The 1,593-square-foot building was constructed in 2025 on approximately 0.76 acre near Lambert Lane.

Surmount marketed the property at $2,087,000 with advertised annual net operating income of $120,000. At the recorded purchase price, that income implies a 6.25% cap rate.

The listing described a 15-year NNN lease expiring in December 2039, with 10% rent increases every five years and two additional five-year renewal options. Surmount’s listing team included Jonathan Eckerd, Cassandra Mosser, Waylan Heers and Tom Jonsson.

For additional information, refer to RED Comps 12757 and 12758.