Retail
Under Contract

Rillito Crossing

4246 N 1st Ave, Tucson, AZ, 85719-1254, US

Executive Summarydownload
Rillito Crossing_Property for Sale

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Asset description

Rillito Crossing Marketplace - a 96,424 SF, Value-Add Grocery Anchored Shopping Center in Tucson, AZ


JLL has been engaged as the exclusive advisor to extend to qualified investors the opportunity to acquire the fee simple interest in Rillito Crossing Marketplace (the “Property”), a 96,424 square foot Sprouts (SFM: NASDAQ) anchored shopping center with value-add development components located at the northeast corner of 1st Avenue and Limberlost Drive in Tucson, just 4 miles from the University of Arizona. The Property is currently 93.8% leased to a mix of local and national “daily-needs” tenants consisting of grocery, fitness, health / wellness, restaurant, and other complimentary uses. Rillito Crossing Marketplace is situated on approximately 13.01 acres. Included in that 13.01 acres are two vacant parcels totaling approximately 2.78 acres in size that are prime for value-add development of additional retail. Rillito Crossing Marketplace presents the rare opportunity to acquire a dominant grocery anchored neighborhood center with value-add components.

Attributes

Building area Net
96,425 sf
Year built
1998
Land area Net
5.59 acres (243,413 sf)

Investment highlights

  • Long-Term Security with Grocery Anchor
  • Value-Add Development Opportunities
  • Strong Visibility in High Traffic Corridor
  • National Brand Recognition
  • Excellent Walkability to over 1,150 Apartments
  • Property to be delivered free and clear

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Last updated
Nov 30, 2022