Shops II - The Bridges - Tucson, AZ
3460 South Kino Parkway, Tucson, AZ, 85713, US
THB 159,944,000 | 685 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the new construction Black Bear Diner located at 2704 Bob Bullock Loop in Laredo, Texas (“Property” or “Asset”). Black Bear Diner is operating on a corporate absolute NNN lease with ±8.9 years of primary lease term remaining, 10% rent escalations every 5 years and four, five-year renewal options. This Black Bear Diner location generates strong first year sales, performing above brand average, and is the only location in Laredo.
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Attributes
Asking price
THB 114,732,000
Cap rate
6.5%
NOI
THB 7,455,000
WAULT
8.9 years
Building area net
522 m²
Year built
2025
Media
Investment Highlights
- ±9-year absolute NNN corporate lease with zero landlord responsibilities
- Adjacent to Independence Plaza, the #1 most visited shopping center within a 50-mile radius
- Strong demand characteristics driven by 1-mile AHHI of $122K with 98% population growth since 2010
- Within larger retail development with 13 pad sites
- Positioned on high traffic outer loop with direct visibility to 38,000 VPD
- Black Bear Diner is undergoing an aggressive national expansion strategy focused on Texas
Contact brokers
Black Bear Diner - Laredo, TX (0 Properties)
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Last updated
15 Oct 2025
