Anchored by Ace Hardware, Walgreens and Wells Fargo. Other retailers include: La Hacienda Mexican Restaurant, Goodwill, Subway, Edward Jones Investments, Dennis Sage Home Entertainment, Belle Chic, The Art of Nails, and Body Works Studio. Tangerine Rd, a major growth corridor of Oro Valley, is being widened to four lanes from Oracle Rd. to I-10 and Marana on Tucson's northwest side. Rancho Vistoso Blvd. turns into 1st Ave at Tangerine Rd. It has been widened to four lanes divided and connects to Oracle Rd to the east. This intersection is the main entrance into Rancho Vistoso to the north, a 7,500 acres master planned community. Several major residential subdivisions are planned or under construction and will bring over 3,000 new homes to the area. 10,992 employees in 3 mile radius with a Oro Valley Hospital, Ventana Medical Systems/Roche, ICAGEN, and Honeywell in the immediate area. Property Highlights 1st Avenue: 16,943 VPD (2019) Tangerine Rd: 17,316 VPD (2019) (Source: Pima Association of Governments and ADOT) Total: 34,259 VPD Traffic Counts Description Location: SWC of First Ave. & Tangerine Rd., Oro Valley, AZ Space Available: 2,230 SF 1,417 SF 4,200 SF (fitness space) 1,882 SF 1,500 SF (1st Avenue frontage) Lease Rate: See Site Plan for Pricing Triple Net Charges: $6.00/SF/YR (estimated) PAD: 41,597 SF - Available for Ground Lease, BTS, or Sale (Drive-Thru, Fast Food, Full Service Restaurant, Medical, Auto) Please call broker for pricing. Zoning: C-2 Demographic Highlights 2019 Estimates 1 MI 3 MI 5 MI Population: 4,512 35,379 57,112 Households: 1,799 15,058 24,416 Average HH Income: $131,387 $121,450 $110,535 (Source: ESRI, CCIM Site To Do Business, US Census Bureau 2010) PLACITA DE ORO PLACITA DE ORO PLACITA DE ORO The information contained herein was obtained from third parties, and it has not been independently verified by the real estate brokers. Buyer/tenants should have the experts of their choice inspect the property and verify all information. Real estate brokers are not qualified to act as or select experts with respect to legal, tax, environment, building construction, soils-drainage, or other such matters. Commercial Retail Advisors, LLC represents the owner of the property in any transaction contemplated by this brochure and does not represent the tenant. AVAILABLE 10.2.2020 5420 E. Broadway Blvd., Suite 200 Tucson, AZ 85711 Phone: 520-290-3200 Fax: 520-751-7465 www.cradvisorsllc.com COMMERCIAL RETAIL ADVISORS, LLC COMMERCIAL RETAIL ADVISORS, LLC Craig Finfrock, CCIM,CRX, CLS Designated Broker [email protected]For information, contact:
Transcript
Anchored by Ace Hardware, Walgreens and Wells Fargo. Other retailers include: La Hacienda Mexican Restaurant, Goodwill,
Subway, Edward Jones Investments, Dennis Sage Home Entertainment, Belle Chic, The Art of Nails, and Body Works Studio.
Tangerine Rd, a major growth corridor of Oro Valley, is being widened to four lanes from Oracle Rd. to I-10 and Marana on Tucson's northwest side.
Rancho Vistoso Blvd. turns into 1st Ave at Tangerine Rd. It has been widened to four lanes divided and connects to Oracle Rd to the east. This intersection is the main entrance into Rancho Vistoso to the north, a 7,500 acres master planned community.
Several major residential subdivisions are planned or under construction and will bring over 3,000 new homes to the area.
10,992 employees in 3 mile radius with a Oro Valley Hospital, Ventana Medical Systems/Roche, ICAGEN, and Honeywell in the immediate area.
(Source: ESRI, CCIM Site To Do Business, US Census Bureau 2010)
P L A C I T A D E O R OP L A C I T A D E O R OP L A C I T A D E O R O
The information contained herein was obtained from third parties, and it has not been independently verified by the real estate brokers. Buyer/tenants should have the experts of their choice inspect the property and verify all information. Real estate brokers are not qualified to act as or select experts with respect to legal, tax, environment, building construction, soils-drainage, or other such matters. Commercial Retail Advisors, LLC represents the owner of the property in any transaction contemplated by this brochure and does not represent the tenant.
AV
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ABL
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10.2.2020
5420 E. Broadway Blvd., Suite 200 Tucson, AZ 85711
Placita de Oro Oro Valley, Arizona COMMERCIAL RETAIL ADVISORS, LLCCOMMERCIAL RETAIL ADVISORS, LLC
T R A D E A R E A
Placita de Oro Oro Valley, Arizona COMMERCIAL RETAIL ADVISORS, LLC
A E R I A L
10.2.2020
S I T E P L A N
Placita de Oro Oro Valley, Arizona COMMERCIAL RETAIL ADVISORS, LLCCOMMERCIAL RETAIL ADVISORS, LLC
* Please Do Not Disturb Tenant - Available 12/31/20
# Tenant Address SF
10 Belle Chic 11901 N. 1st Ave. Ste 131 1,385
11 Subway 11901 N. 1st Ave. Ste 104 1,326
12 La Hacienda 11931 N. 1st Ave. Ste 104 2,442
13 The Art of Nails 11931 N. 1st Ave. Ste 103 2,183
14 AVAILABLE 11931 N. 1st Ave. Ste 102 $22.00/SF/YR 1,500
15 Sparkle Cleaners 11931 N. 1st Ave. Ste 141 1,520
16 Walgreens 11951 N. 1st Ave. Ste 14,944
17 Wells Fargo Bank 550 E. Tangerine 6,788
18 VACANT PAD 500 E. Tangerine Call Broker (±4,000)
TOTAL GLA: 68,178
Asking Base Rent # Tenant Address SF
1 Goodwill 11941 N. 1st Ave. Ste 181 1,197
2 Edward Jones 11941 N. 1st Ave. Ste 171 1,000
3 AVAILAVBLE 11941 N. 1st Ave. Ste 103 $22.00/SF/YR 2,230
4 Home Entertainment 11941 N. 1st Ave. Ste 141 1,205
5 AVAIABLE 11941 N. 1st Ave. Ste 105 $22.00/SF/YR 1,417
6 Ace Hardware 11911 N. 1st Ave. 21,000
7 AVAILABLE ( )* 11911 N. 1st Ave. Ste 101 $20.00/SF/YR 4,200
8 AVAILABLE 11901 N. 1st Ave. Ste 101 $22.00/SF/YR 1,882
9 Swan Pilates 11901 N. 1st Ave. Ste 155 1,959
Asking Base Rent
Anytime Fitness
Oro Valley named Arizona's best small city By Howard Fischer
CAPITOL MEDIA SERVICES
The way WalletHub sees it, the best small city for living in Arizona is Oro Valley.
And Sun City and Yuma? Not so much.
That's all based on a matrix of factors the online financial advice site used to compare more than 1,200 communities across the country with populations between 25,000 and 100,000. The 33 'indicators of livability' WalletHub uses range from housing costs and restaurants per capita to crime rates and even the percentage of the population that is obese.
A few things make Oro Valley tops in Arizona and No. 217 nationally:
•There's a relatively low rate of violent crime.
•Only 5.6 percent of residents live below the poverty level.
•More than 95 percent of the population is insured.
•And more than 97 percent have at least a high school diploma.
Coming in at No. 2 in the state is Florence.
Only about three out of every four residents in Florence have graduated from high school. And its median household income is just $47,891 compared with the $77,770 figure for Oro Valley.
But that is more than offset by other factors that WalletHub considers important, including the 10th fastest population growth among cities of its size nationwide in the past five years and among the lowest cost of living of any Arizona community studied.
And its rate of property crime is the sixth-lowest in the country.
No. 3 Marana got a boost from its relatively low poverty rate and relatively high rate of home ownership.
Other communities had their own things that stood out, good or bad.
Flagstaff, for example, had the lowest percentage
See BEST CITIES, A4
The Oro Valley Music Festival is held annually in the best small city in Arizona, according to the website WalletHub.
of physically inactive adults. And it also picked up points both for having a high rate of coffee shops on a per capita basis as well as the fact that one out of every nine residents walks to work, one of the best rates in the country.
Prescott gained points for having among the lowest debt rates when compared to median income, with Queen Creek at the high end. And WalletHub also credited Prescott for a relatively high number of bars when the size of the community is considered.
Lake Havasu was near the top of the list in the percentage of adults who are not physically active. But, like Prescott, it got points for the number of bars.
Where Sun City shines, the study says, is the nearly 80.1 percent home-ownership rate. But it's hard to find a bar in the unincorporated community.
And only San Luis and Bullhead City rank lower in median household income, at least as far as Arizona communities are concerned.
Mohave County communities lost points in the rankings because of lackluster growth rates.
Kingman's population grew by just 1.7 percent in the past five years. That outpaced Lake Havasu City with a 0.6 percent growth rate and Bullhead City, where the population actually declined by 1.2 percent.
So where are the best small cities nationwide?
WalletHub ranks Princeton, N.J., at the top, driven by the community's economic health. Other top-tier communities include Lexington and Milton, Mass.; Leakwood, Kan.; Brentwood, Tenn.; and Los Altos, Calif.
The Tohono Chul Park Holiday Nights combine lights and music every December in Oro Valley.
RON MEDVESCEK / ARIZONA DAILY STAR 2015
The Oro Valley Aquatic Center hosted the 2017 U.S. National Synchronized Swimming Championships in April.
Executive SummaryPlacita de Oro Prepared by Esri11911 N 1st Ave, Tucson, Arizona, 85737 Latitude: 32.42251Rings: 1, 3, 5 mile radii Longitude: -110.96130
1 mile 3 miles 5 milesPopulation
2000 Population 3,180 22,875 41,0502010 Population 4,111 31,390 51,2572019 Population 4,512 35,379 57,1122024 Population 4,798 37,558 60,1652000-2010 Annual Rate 2.60% 3.22% 2.25%2010-2019 Annual Rate 1.01% 1.30% 1.18%2019-2024 Annual Rate 1.24% 1.20% 1.05%2019 Male Population 48.7% 47.7% 47.9%2019 Female Population 51.3% 52.3% 52.1%2019 Median Age 56.4 53.9 53.4
In the identified area, the current year population is 57,112. In 2010, the Census count in the area was 51,257. The rate of change since 2010 was 1.18% annually. The five-year projection for the population in the area is 60,165 representing a change of 1.05% annually from 2019 to 2024. Currently, the population is 47.9% male and 52.1% female.
Median Age
The median age in this area is 56.4, compared to U.S. median age of 38.5.Race and Ethnicity
2019 White Alone 89.7% 86.9% 87.2%2019 Black Alone 1.8% 1.8% 1.7%2019 American Indian/Alaska Native Alone 0.4% 0.5% 0.6%2019 Asian Alone 3.2% 4.5% 3.9%2019 Pacific Islander Alone 0.2% 0.2% 0.1%2019 Other Race 2.2% 3.4% 3.5%2019 Two or More Races 2.5% 2.8% 2.9%2019 Hispanic Origin (Any Race) 12.3% 13.9% 15.1%
Persons of Hispanic origin represent 15.1% of the population in the identified area compared to 18.6% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 43.2 in the identified area, compared to 64.8 for the U.S. as a whole.
The household count in this area has changed from 21,845 in 2010 to 24,416 in the current year, a change of 1.21% annually. The five-year projection of households is 25,720, a change of 1.05% annually from the current year total. Average household size is currently 2.33, compared to 2.34 in the year 2010. The number of families in the current year is 17,081 in the specified area.
Data Note: Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024. Esri converted Census 2000 data into 2010 geography.
Executive SummaryPlacita de Oro Prepared by Esri11911 N 1st Ave, Tucson, Arizona, 85737 Latitude: 32.42251Rings: 1, 3, 5 mile radii Longitude: -110.96130
1 mile 3 miles 5 milesMortgage Income
2019 Percent of Income for Mortgage 18.0% 19.4% 20.3%Median Household Income
2019 Median Household Income $98,219 $91,700 $82,7592024 Median Household Income $106,190 $101,172 $91,9312019-2024 Annual Rate 1.57% 1.99% 2.12%
Average Household Income
2019 Average Household Income $131,387 $121,450 $110,5352024 Average Household Income $146,994 $136,522 $125,4542019-2024 Annual Rate 2.27% 2.37% 2.56%
Per Capita Income2019 Per Capita Income $54,063 $51,663 $47,6702024 Per Capita Income $60,625 $58,213 $54,1422019-2024 Annual Rate 2.32% 2.42% 2.58%
Households by IncomeCurrent median household income is $82,759 in the area, compared to $60,548 for all U.S. households. Median household income is projected to be $91,931 in five years, compared to $69,180 for all U.S. households
Current average household income is $110,535 in this area, compared to $87,398 for all U.S. households. Average household income is projected to be $125,454 in five years, compared to $99,638 for all U.S. households
Current per capita income is $47,670 in the area, compared to the U.S. per capita income of $33,028. The per capita income is projected to be $54,142 in five years, compared to $36,530 for all U.S. households Housing
2019 Housing Affordability Index 129 120 1152000 Total Housing Units 1,200 10,625 18,757
2000 Owner Occupied Housing Units 1,103 8,020 13,8822000 Renter Occupied Housing Units 48 1,188 2,8602000 Vacant Housing Units 49 1,417 2,015
2010 Total Housing Units 1,746 15,229 24,7502010 Owner Occupied Housing Units 1,435 10,684 17,1822010 Renter Occupied Housing Units 203 2,523 4,6632010 Vacant Housing Units 108 2,022 2,905
2019 Total Housing Units 1,914 17,232 27,5812019 Owner Occupied Housing Units 1,505 11,698 18,7852019 Renter Occupied Housing Units 294 3,360 5,6312019 Vacant Housing Units 115 2,174 3,165
2024 Total Housing Units 2,034 18,352 29,0772024 Owner Occupied Housing Units 1,610 12,561 20,0032024 Renter Occupied Housing Units 303 3,462 5,7172024 Vacant Housing Units 121 2,329 3,357
Currently, 68.1% of the 27,581 housing units in the area are owner occupied; 20.4%, renter occupied; and 11.5% are vacant. Currently, in the U.S., 56.4% of the housing units in the area are owner occupied; 32.4% are renter occupied; and 11.2% are vacant. In 2010, there were 24,750 housing units in the area - 69.4% owner occupied, 18.8% renter occupied, and 11.7% vacant. The annual rate of change in housing units since 2010 is 4.93%. Median home value in the area is $343,170, compared to a median home value of $234,154 for the U.S. In five years, median value is projected to change by 1.86% annually to $376,367.
Data Note: Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024. Esri converted Census 2000 data into 2010 geography.
Business SummaryPlacita de Oro Prepared by Esri11911 N 1st Ave, Tucson, Arizona, 85737 Latitude: 32.42251Rings: 1, 3, 5 mile radii Longitude: -110.96130
Data for all businesses in area 1 mile 3 miles 5 milesTotal Businesses: 141 792 1,224Total Employees: 2,129 10,807 14,557Total Residential Population: 4,512 35,379 57,112Employee/Residential Population Ratio (per 100 Residents) 47 31 25
Source: Copyright 2019 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2019.Date Note: Data on the Business Summary report is calculated using Esri’s Data allocation method which uses census block groups to allocate business summary data to custom areas.
Business SummaryPlacita de Oro Prepared by Esri11911 N 1st Ave, Tucson, Arizona, 85737 Latitude: 32.42251Rings: 1, 3, 5 mile radii Longitude: -110.96130
Total 141 100.0% 2,129 100.0% 792 100.0% 10,807 100.0% 1,224 100.0% 14,557 100.0%Source: Copyright 2019 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2019.Date Note: Data on the Business Summary report is calculated using Esri’s Data allocation method which uses census block groups to allocate business summary data to custom areas.
Site MapPlacita de Oro Prepared by Esri11911 N 1st Ave, Tucson, Arizona, 85737 Latitude: 32.42251Drive Time: 5, 10, 15 minute radii Longitude: -110.96130
Executive SummaryPlacita de Oro Prepared by Esri11911 N 1st Ave, Tucson, Arizona, 85737 Latitude: 32.42251Drive Time: 5, 10, 15 minute radii Longitude: -110.96130
5 minutes 10 minutes 15 minutesPopulation
2000 Population 9,310 37,321 88,5622010 Population 12,785 46,318 103,1262019 Population 14,200 51,664 114,1182024 Population 14,972 54,388 120,0752000-2010 Annual Rate 3.22% 2.18% 1.53%2010-2019 Annual Rate 1.14% 1.19% 1.10%2019-2024 Annual Rate 1.06% 1.03% 1.02%2019 Male Population 48.6% 47.9% 47.8%2019 Female Population 51.4% 52.1% 52.2%2019 Median Age 51.4 53.8 50.5
In the identified area, the current year population is 114,118. In 2010, the Census count in the area was 103,126. The rate of change since 2010 was 1.10% annually. The five-year projection for the population in the area is 120,075 representing a change of 1.02% annually from 2019 to 2024. Currently, the population is 47.8% male and 52.2% female.
Median Age
The median age in this area is 51.4, compared to U.S. median age of 38.5.Race and Ethnicity
2019 White Alone 87.3% 87.2% 84.9%2019 Black Alone 2.0% 1.7% 2.0%2019 American Indian/Alaska Native Alone 0.4% 0.6% 0.8%2019 Asian Alone 4.2% 3.8% 3.7%2019 Pacific Islander Alone 0.2% 0.1% 0.1%2019 Other Race 3.1% 3.7% 5.1%2019 Two or More Races 2.9% 2.9% 3.4%2019 Hispanic Origin (Any Race) 14.3% 15.1% 18.8%
Persons of Hispanic origin represent 18.8% of the population in the identified area compared to 18.6% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 49.9 in the identified area, compared to 64.8 for the U.S. as a whole.
The household count in this area has changed from 44,615 in 2010 to 49,536 in the current year, a change of 1.14% annually. The five-year projection of households is 52,144, a change of 1.03% annually from the current year total. Average household size is currently 2.29, compared to 2.30 in the year 2010. The number of families in the current year is 32,720 in the specified area.
Data Note: Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024. Esri converted Census 2000 data into 2010 geography.
Executive SummaryPlacita de Oro Prepared by Esri11911 N 1st Ave, Tucson, Arizona, 85737 Latitude: 32.42251Drive Time: 5, 10, 15 minute radii Longitude: -110.96130
5 minutes 10 minutes 15 minutesMortgage Income
2019 Percent of Income for Mortgage 18.0% 20.6% 21.6%Median Household Income
2019 Median Household Income $98,229 $82,393 $73,9282024 Median Household Income $105,216 $91,469 $82,5042019-2024 Annual Rate 1.38% 2.11% 2.22%
Average Household Income
2019 Average Household Income $128,001 $110,209 $101,2622024 Average Household Income $143,797 $124,893 $115,4842019-2024 Annual Rate 2.35% 2.53% 2.66%
Per Capita Income2019 Per Capita Income $50,967 $47,599 $43,9062024 Per Capita Income $57,446 $53,979 $50,0962019-2024 Annual Rate 2.42% 2.55% 2.67%
Households by IncomeCurrent median household income is $73,928 in the area, compared to $60,548 for all U.S. households. Median household income is projected to be $82,504 in five years, compared to $69,180 for all U.S. households
Current average household income is $101,262 in this area, compared to $87,398 for all U.S. households. Average household income is projected to be $115,484 in five years, compared to $99,638 for all U.S. households
Current per capita income is $43,906 in the area, compared to the U.S. per capita income of $33,028. The per capita income is projected to be $50,096 in five years, compared to $36,530 for all U.S. households Housing
2019 Housing Affordability Index 130 113 1082000 Total Housing Units 3,750 17,155 40,208
2000 Owner Occupied Housing Units 3,108 12,591 27,7132000 Renter Occupied Housing Units 307 2,658 8,9312000 Vacant Housing Units 335 1,906 3,564
2010 Total Housing Units 5,633 22,435 50,0092010 Owner Occupied Housing Units 4,300 15,498 32,4222010 Renter Occupied Housing Units 753 4,300 12,1932010 Vacant Housing Units 580 2,637 5,394
2019 Total Housing Units 6,454 25,015 55,2822019 Owner Occupied Housing Units 4,773 16,988 35,3312019 Renter Occupied Housing Units 1,029 5,169 14,2052019 Vacant Housing Units 652 2,859 5,746
2024 Total Housing Units 6,840 26,357 58,2082024 Owner Occupied Housing Units 5,090 18,083 37,6652024 Renter Occupied Housing Units 1,051 5,242 14,4802024 Vacant Housing Units 699 3,033 6,064
Currently, 63.9% of the 55,282 housing units in the area are owner occupied; 25.7%, renter occupied; and 10.4% are vacant. Currently, in the U.S., 56.4% of the housing units in the area are owner occupied; 32.4% are renter occupied; and 11.2% are vacant. In 2010, there were 50,009 housing units in the area - 64.8% owner occupied, 24.4% renter occupied, and 10.8% vacant. The annual rate of change in housing units since 2010 is 4.56%. Median home value in the area is $325,642, compared to a median home value of $234,154 for the U.S. In five years, median value is projected to change by 2.08% annually to $360,902.
Data Note: Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024. Esri converted Census 2000 data into 2010 geography.
Business SummaryPlacita de Oro Prepared by Esri11911 N 1st Ave, Tucson, Arizona, 85737 Latitude: 32.42251Drive Time: 5, 10, 15 minute radii Longitude: -110.96130
Data for all businesses in area 5 minutes 10 minutes 15 minutesTotal Businesses: 323 1,465 3,192Total Employees: 4,241 16,865 31,670Total Residential Population: 14,200 51,664 114,118Employee/Residential Population Ratio (per 100 Residents) 30 33 28
Source: Copyright 2019 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2019.Date Note: Data on the Business Summary report is calculated using Esri’s Data allocation method which uses census block groups to allocate business summary data to custom areas.
Business SummaryPlacita de Oro Prepared by Esri11911 N 1st Ave, Tucson, Arizona, 85737 Latitude: 32.42251Drive Time: 5, 10, 15 minute radii Longitude: -110.96130
Total 323 100.0% 4,241 100.0% 1,465 100.0% 16,865 100.0% 3,192 100.0% 31,670 100.0%Source: Copyright 2019 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2019.Date Note: Data on the Business Summary report is calculated using Esri’s Data allocation method which uses census block groups to allocate business summary data to custom areas.
