Chevron Gas Station & Convenience Store

Prominent position along Speedway Blvd, a significant Tucson thoroughfare known for its heavy traffic flow (±42,895 VPD). Located in close proximity to various shopping complexes, with national tenants such as Walmart Supercenter, Sprouts, Lowe’s, Fry’s, Safeway, and more. Tucson is the 2nd-most populated city in Arizona (Population of 546,019)Prime Net Lease is pleased to offer the opportunity to acquire the fee simple interest in a free standing Chevron Gas Station & Convenience Store located in Tucson, Az. The subject property was built in 1989, and significantly remodeled in 2020. Chevron purchased the site from the previous operator and signed a brand new 20 year Absolute NNN lease. The original corporately guaranteed lease commenced in August 2023, now leaving 19+ years remaining on its initial term. This absolute NNN lease has 10.0% rental increases every five (5) years during the base term and grants the Tenant two successive 5-year options to extend the lease. The fuel station boasts a modern infrastructure, including state-of-the-art fuel pumps, and a well-stocked convenience store. Prominent position along Speedway Blvd, a significant Tucson thoroughfare known for its heavy traffic flow (±42,895 VPD). Property is located in close proximity to various shopping complexes, with national tenants such as Walmart Supercenter, Sprouts, Lowe’s, Fry’s, Safeway, and more. Tucson is the 2nd-most populated city in Arizona (Population of 546,019). There are six different multifamily communities located within 1 mile of location comprising over 1,538 Total Units. Tucson is the 2nd-most populated city in Arizona, Population of 546,019.