Tampa, FL – 3 Properties announces the sale of a Tucson, Arizona single-tenant net lease BRAKEmax located at 1670 E Tucson Marketplace Blvd.
This newly constructed 5,345 sf auto repair store is a Costco out parcel and ideally located off of busy Interstate 10.
BRAKEmax offers an array of services including transmission maintenance, oil changes, and brake repair.
3 Properties CEO David Sobelman notes, “It’s rare to truly set the cap rate for an asset type in a region, but this was one of those times. This property is now the standard, and we’re very thankful for the opportunity to leverage our experience and expertise to provide maximum value for our client.”
The closing cap rate was 5.9%.
3 Properties is a forward-thinking net lease investment company that offers net lease brokerage, consulting, and asset management. Learn more at 3-properties.com.