♦ Anchored by Ace Hardware, Walgreens and Wells Fargo. ♦ Other retailers include: La Hacienda Mexican Restaurant, Anytime Fitness, Subway, Nadine’s Desert Fashion, Dennis Sage Home Entertainment, Edward Jones Investments, 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 approximately 2,183 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: 16,926 VPD (2018) Tangerine Rd: 19,907 VPD (2017) (Source: Pima Association of Governments and ADOT) Total: 36,833 VPD Traffic Counts Description Location: SWC of First Ave. & Tangerine Rd., Oro Valley, AZ Space Available: Bldg. B: 1,882 SF Bldg. D: 1,417 SF , 1,197 SF Lease Rate: $23.00/SF/YR, NNN Triple Net Charges: $5.50/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 2018 Estimates 1 MI 3 MI 5 MI Population: 4,542 34,833 56,333 Households: 1,802 14,749 23,957 Average HH Income: $120,145 $114,213 $103,646 (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 6.27.2019 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:
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♦ Anchored by Ace Hardware, Walgreens and Wells Fargo. ♦ Other retailers include: La Hacienda Mexican Restaurant, Anytime Fitness,
Subway, Nadine’s Desert Fashion, Dennis Sage Home Entertainment, Edward Jones Investments, 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 approximately 2,183 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: Pima Association of Governments and ADOT)
Total: 36,833 VPD
Traffic Counts
Description Location: SWC of First Ave. & Tangerine Rd., Oro Valley, AZ
Space Available: Bldg. B: 1,882 SF Bldg. D: 1,417 SF , 1,197 SF
Lease Rate: $23.00/SF/YR, NNN Triple Net Charges: $5.50/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 2018 Estimates 1 MI 3 MI 5 MI
(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
AIL
AB
LE
6.27.2019
5420 E. Broadway Blvd., Suite 200 Tucson, AZ 85711
Placita de Oro Oro Valley, Arizona COMMERCIAL RETAIL ADVISORS, LLCCOMMERCIAL RETAIL ADVISORS, LLC
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
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 51,2572018 Population 4,542 34,833 56,3332023 Population 4,830 36,773 58,9962000-2010 Annual Rate 2.60% 3.22% 2.25%2010-2018 Annual Rate 1.22% 1.27% 1.15%2018-2023 Annual Rate 1.24% 1.09% 0.93%2018 Male Population 48.7% 47.7% 47.8%2018 Female Population 51.3% 52.3% 52.2%2018 Median Age 56.0 53.4 53.0
In the identified area, the current year population is 56,333. In 2010, the Census count in the area was 51,257. The rate of change since 2010 was 1.15% annually. The five-year projection for the population in the area is 58,996 representing a change of 0.93% annually from 2018 to 2023. Currently, the population is 47.8% male and 52.2% female.
Median Age
The median age in this area is 56.0, compared to U.S. median age of 38.3.Race and Ethnicity
2018 White Alone 90.1% 87.4% 87.7%2018 Black Alone 1.7% 1.7% 1.7%2018 American Indian/Alaska Native Alone 0.4% 0.5% 0.6%2018 Asian Alone 3.0% 4.2% 3.7%2018 Pacific Islander Alone 0.2% 0.1% 0.1%2018 Other Race 2.2% 3.3% 3.5%2018 Two or More Races 2.4% 2.8% 2.8%2018 Hispanic Origin (Any Race) 12.0% 13.6% 14.8%
Persons of Hispanic origin represent 14.8% of the population in the identified area compared to 18.3% 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 42.4 in the identified area, compared to 64.3 for the U.S. as a whole.
The household count in this area has changed from 21,845 in 2010 to 23,957 in the current year, a change of 1.12% annually. The five-year projection of households is 25,088, a change of 0.93% annually from the current year total. Average household size is currently 2.34, compared to 2.34 in the year 2010. The number of families in the current year is 16,817 in the specified area.
Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. 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 milesMedian Household Income
2018 Median Household Income $100,000 $88,242 $79,4002023 Median Household Income $108,456 $99,609 $88,6112018-2023 Annual Rate 1.64% 2.45% 2.22%
Average Household Income
2018 Average Household Income $120,145 $114,213 $103,6462023 Average Household Income $139,874 $132,140 $120,5632018-2023 Annual Rate 3.09% 2.96% 3.07%
Per Capita Income2018 Per Capita Income $49,221 $48,401 $44,6102023 Per Capita Income $57,601 $56,119 $51,9112018-2023 Annual Rate 3.19% 3.00% 3.08%
Households by IncomeCurrent median household income is $79,400 in the area, compared to $58,100 for all U.S. households. Median household income is projected to be $88,611 in five years, compared to $65,727 for all U.S. households
Current average household income is $103,646 in this area, compared to $83,694 for all U.S. households. Average household income is projected to be $120,563 in five years, compared to $96,109 for all U.S. households
Current per capita income is $44,610 in the area, compared to the U.S. per capita income of $31,950. The per capita income is projected to be $51,911 in five years, compared to $36,530 for all U.S. households Housing
2000 Total Housing Units 1,200 10,625 18,7572000 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
2018 Total Housing Units 1,933 16,893 27,1312018 Owner Occupied Housing Units 1,492 11,356 18,2622018 Renter Occupied Housing Units 311 3,392 5,6952018 Vacant Housing Units 131 2,144 3,174
2023 Total Housing Units 2,058 17,692 28,1932023 Owner Occupied Housing Units 1,607 12,209 19,4512023 Renter Occupied Housing Units 309 3,401 5,6372023 Vacant Housing Units 142 2,082 3,105
Currently, 67.3% of the 27,131 housing units in the area are owner occupied; 21.0%, renter occupied; and 11.7% are vacant. Currently, in the U.S., 56.0% of the housing units in the area are owner occupied; 32.8% 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 4.17%. Median home value in the area is $316,820, compared to a median home value of $218,492 for the U.S. In five years, median value is projected to change by 2.66% annually to $361,324.
Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. 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: 142 781 1,212Total Employees: 2,201 10,992 14,948Total Residential Population: 4,542 34,833 56,333Employee/Residential Population Ratio (per 100 Residents) 48 32 27
Source: Copyright 2018 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2018.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 142 100.0% 2,201 100.0% 781 100.0% 10,992 100.0% 1,212 100.0% 14,948 100.0%Source: Copyright 2018 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2018.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 46,318 103,1262018 Population 14,188 50,863 112,4642023 Population 14,864 53,244 117,6742000-2010 Annual Rate 3.22% 2.18% 1.53%2010-2018 Annual Rate 1.27% 1.14% 1.06%2018-2023 Annual Rate 0.94% 0.92% 0.91%2018 Male Population 48.6% 47.9% 47.7%2018 Female Population 51.4% 52.1% 52.3%2018 Median Age 50.9 53.4 50.4
In the identified area, the current year population is 112,464. In 2010, the Census count in the area was 103,126. The rate of change since 2010 was 1.06% annually. The five-year projection for the population in the area is 117,674 representing a change of 0.91% annually from 2018 to 2023. Currently, the population is 47.7% male and 52.3% female.
Median Age
The median age in this area is 50.9, compared to U.S. median age of 38.3.Race and Ethnicity
2018 White Alone 87.7% 87.6% 85.3%2018 Black Alone 1.9% 1.7% 1.9%2018 American Indian/Alaska Native Alone 0.4% 0.6% 0.9%2018 Asian Alone 3.9% 3.6% 3.5%2018 Pacific Islander Alone 0.1% 0.1% 0.1%2018 Other Race 3.0% 3.6% 5.0%2018 Two or More Races 2.9% 2.8% 3.3%2018 Hispanic Origin (Any Race) 14.1% 14.8% 18.5%
Persons of Hispanic origin represent 18.5% of the population in the identified area compared to 18.3% 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 49.0 in the identified area, compared to 64.3 for the U.S. as a whole.
The household count in this area has changed from 44,615 in 2010 to 48,570 in the current year, a change of 1.03% annually. The five-year projection of households is 50,804, a change of 0.90% annually from the current year total. Average household size is currently 2.30, compared to 2.30 in the year 2010. The number of families in the current year is 32,206 in the specified area.
Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. 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 minutesMedian Household Income
2018 Median Household Income $97,997 $79,790 $71,3662023 Median Household Income $106,034 $89,262 $80,7232018-2023 Annual Rate 1.59% 2.27% 2.49%
Average Household Income
2018 Average Household Income $120,906 $104,544 $97,5342023 Average Household Income $139,420 $121,705 $114,1472018-2023 Annual Rate 2.89% 3.09% 3.20%
Per Capita Income2018 Per Capita Income $47,991 $45,092 $42,3152023 Per Capita Income $55,532 $52,510 $49,4602018-2023 Annual Rate 2.96% 3.09% 3.17%
Households by IncomeCurrent median household income is $71,366 in the area, compared to $58,100 for all U.S. households. Median household income is projected to be $80,723 in five years, compared to $65,727 for all U.S. households
Current average household income is $97,534 in this area, compared to $83,694 for all U.S. households. Average household income is projected to be $114,147 in five years, compared to $96,109 for all U.S. households
Current per capita income is $42,315 in the area, compared to the U.S. per capita income of $31,950. The per capita income is projected to be $49,460 in five years, compared to $36,530 for all U.S. households Housing
2000 Total Housing Units 3,750 17,155 40,2082000 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
2018 Total Housing Units 6,486 24,568 54,2122018 Owner Occupied Housing Units 4,711 16,485 34,3432018 Renter Occupied Housing Units 1,059 5,227 14,2272018 Vacant Housing Units 715 2,856 5,642
2023 Total Housing Units 6,779 25,539 56,4452023 Owner Occupied Housing Units 5,020 17,561 36,7222023 Renter Occupied Housing Units 1,049 5,171 14,0822023 Vacant Housing Units 710 2,807 5,641
Currently, 63.3% of the 54,212 housing units in the area are owner occupied; 26.2%, renter occupied; and 10.4% are vacant. Currently, in the U.S., 56.0% of the housing units in the area are owner occupied; 32.8% 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 3.65%. Median home value in the area is $294,803, compared to a median home value of $218,492 for the U.S. In five years, median value is projected to change by 3.08% annually to $343,064.
Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. 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 1,457 3,142Total Employees: 4,387 17,839 35,206Total Residential Population: 14,188 50,863 112,464Employee/Residential Population Ratio (per 100 Residents) 31 35 31
Source: Copyright 2018 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2018.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% 4,387 100.0% 1,457 100.0% 17,839 100.0% 3,142 100.0% 35,206 100.0%Source: Copyright 2018 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2018.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.