Oro Valley, AZ 85737

Fry's Food & Drug (Kroger)

Property Address

10450 North La Cañada Drive, Oro Valley, AZ, USA

Offering Summary

  • Price: $9,994,500
  • Lot Size: 6.12 Acres
  • Cap Rate: 4.65%
  • Year Built: 1993
  • Building SF: 49,980
  • Status: In Escrow
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  • Absolute Triple-Net (NNN) Lease - Corporate Guaranty by The Kroger Co. (NYSE: KR)
  • Tenant Recently Renewed Lease Term for 18 Years
  • Long Term Tenant Since 1993 - 28 Year Operating History
  • 98,386 Residents within a 5-Mile Radius - Growing Oro Valley Trade Area in Tucson MSA
  • Subject Property is the Primary Anchor Tenant of Mercado at Canada Hills - Other Tenants Include Goodwill, Ace Hardware, and Marco's Pizza
  • Excellent Visibility at the High Traffic Intersection of North La Cañada Drive and West Lambert Lane (34,400+ Cars/Day)
  • Average Household Income Exceeds $123,000 in the Immediate Area
  • Adjacent to the El Conquistador Golf Course
  • Minutes from Oro Valley Marketplace - Walmart, Best Buy, DSW, and More

Broker Information