Wells Fargo @ Ritz Carlton Dove Mountain | 12140 N Dove Mountain Blvd
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Wells Fargo @ Ritz Carlton Dove Mountain 12140 N Dove Mountain Blvd
4,692 SF Retail Building Marana, AZ 85658 £1,521,083 (£324/SF) 5.75% Net Initial Yield
Investment Highlights
- Absolute Triple-Net (NNN) Ground Lease with 7+ Years Remaining on Term
- 56,658 Residents within a 5-Mile Radius - Dense Trade Area in the Tucson MSA
- More Than 27,600 Cars per Day at the Nearby Intersection of West Tangerine Road and North Dove Mountain Boulevard
- • 10% Rental Increases Every 5 Years - Next Increase to Occur on 11/1/2026 Moving the Cap Rate to 6.33% at List Price
- Located in Rapidly Growing Marana - Households and Population Projected to Increase Nearly 7%+ in the Surrounding Area by 2028
- Prime Location at the Gateway to the Affluent Dove Mountain Master-Planned Community (+/- 9,159 Units at Build-Out)
Executive Summary
Marcus & Millichap is pleased to present for sale Wells Fargo in Marana, AZ. Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.96 trillion in assets. Wells Fargo ranked No. 47 on Fortune’s 2023 rankings of America’s largest corporations.
Located just northwest of Tucson in southern Arizona, Marana is a town that lies mostly in Pima County with a small portion in Pinal County. Home to nearly 52,000 residents, it is among the fastest-growing cities in Arizona, growing at a rate of nearly 150 percent since 2000. Marana is home to a number of world-class science and technology companies and is also home to the Forbes Five-Star Rated world-class Ritz-Carlton Dove Mountain Resort.
Located just northwest of Tucson in southern Arizona, Marana is a town that lies mostly in Pima County with a small portion in Pinal County. Home to nearly 52,000 residents, it is among the fastest-growing cities in Arizona, growing at a rate of nearly 150 percent since 2000. Marana is home to a number of world-class science and technology companies and is also home to the Forbes Five-Star Rated world-class Ritz-Carlton Dove Mountain Resort.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,692 SF
Building Class
B
Year Built
2006
Price
£1,521,083
Price Per SF
£324
Net Initial Yield
5.75%
NOI
£87,481
Tenancy
Single
Number of Floors
1
Building FAR
0.15
Lot Size
0.71 AC
Parking
35 Spaces (7.46 Spaces per 1,000 SF Leased)
Frontage
142 ft on Dove Mountain Blvd
Amenities
- Dedicated Turn Lane
- Signalised Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £0 | Total Assessment | £170,609 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£170,609
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Wells Fargo @ Ritz Carlton Dove Mountain | 12140 N Dove Mountain Blvd
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