Cushman & Wakefield Brokers Sale of Tucson Restaurant Asset

The property, an outparcel of Oracle Wetmore Shopping Center, sold for $6.1 million.
Cushman & Wakefield Brokers Sale of Tucson Restaurant Asset
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Cushman & Wakefield, a leading global real estate services firm, announced last week the arrangement of the sale of a restaurant asset in Tucson.

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Idaho-based DTFP, LLC acquired the property from RJR Tucson, LLC for $6.1 million. Chris Hollenbeck and Shane Carter of Cushman & Wakefield in Phoenix represented the seller in the transaction.

“This was a strong investment opportunity of a trophy-grade Class A retail property that is fully leased to a national credit tenant,” says Hollenbeck. “The tenant has been operating at this location for many years and recently signed a long-term extension indicating its commitment to this location, situated in one of Tucson’s best trade areas.”

The class A property is adjacent to the corner of Oracle and Westmore roads, in a densely populated area with high traffic and high visibility. Oracle Road is home to both the Tucson Mall and the Tucson Auto Mall, making it a retail hub for the city.

The 8,080 square-foot building is fully leased to BJ’s Restaurant and Brewhouse, an American chain based in Huntington Beach, CA.

Eve Payne

Eve Payne

Eve Payne is a freelance writer with an MFA in poetry from Syracuse University. In 2019, she received the Leonard Brown Prize for her poetry, which has appeared or is forthcoming in Colorado Review, The Adroit Journal, Nashville Review, and RHINO.
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