Description

Cushman & Wakefield is pleased to present the opportunity to acquire Las Plazas, a newly constructed multi-tenant retail investment located in Tucson. The property encompasses approximately 7,524 square feet and is fully leased to a diverse mix of service-oriented tenants, offering investors stable in-place cash flow supported by brand-new 2025 construction and long-term 10-year primary lease agreements. The center features a complementary tenant mix tailored to meet the daily needs of the surrounding community, helping drive consistent customer traffic and enhancing the long-term stability of the asset. With full occupancy, modern construction, and limited near-term capital requirements, Las Plazas presents an attractive combination of durable income and operational efficiency. The property is situated within a highly productive retail corridor, with several nearby retailers ranking among the top 20% nationally in sales performance, further demonstrating the strength of the trade area and consumer demand. Positioned along the highly visible Old Vail Road corridor, the site benefits from traffic counts of approximately 30,627 vehicles per day at the nearby intersection. The property is located less than two miles from the University of Arizona Tech Park, a major employment center comprising more than 2 million square feet and over 85 tenants, and directly across from Houghton Town Center, a prominent regional shopping destination anchored by national retailers including The Home Depot, Walmart Supercenter, Ross Dress for Less, Petco, and McDonald’s. The surrounding area is further supported by strong demographics, including average household incomes exceeding $165,000 within a one-mile radius. This offering represents a rare opportunity to acquire a stabilized, newly developed retail center with diversified tenancy, long-term income stability, and strong underlying real estate fundamentals in one of Tucson’s growing retail corridors.