TUCSON, Arizona -- A California investor, Atlas BL. Ajo Way, LLC bought a soon to be vacated 2,586-square-foot Taco Bell at 708 W. Ajo Way for $950,000 ($367 PSF).
The property has a drive-thru with ability to add more stacking at this well-maintained building with 26 parking spots. Monument signage and menu board made this soon to be vacated property attractive to the investor.
It also has two access points: off of Ajo Way and 14th Avenue with a separate drive-thru egress and a separate drive-thru egress point.
The current tenant, Taco Bell is leaving April 1, 2020, and the property was sold as vacant. Buyer purchased it to re-lease and has it back on the market with the Western Retail Advisors.
Gordon Wagner and Ben Craney with NAI Horizon represented the seller, Plum Vista LP and Bryan Babits and Bryan Ledbetter with Western Retail Advisors represented the buyer in this transaction.
For more information, Wagner and Craney should be reached at 520.326.2200. For leasing information, Babit can be reached at 602.778.3747 and Ledbetter is at 602.795.8670.
To learn more, see RED Comp #7571.