The Boulder Group is pleased to exclusively market for sale a single tenant net lease Claim Jumper Restaurant located in Tucson, Arizona. The property is strategically located along the primary retail corridor and is an outparcel to El Con Center, a shopping mall anchored by Target, The Home Depot, Walmart, Cinemark Theatres, Ross Dress for Less, Burlington, Marshalls and JC Penney.\u00a0 The property has 9 years remaining on the lease which expires January 2026. The triple net lease features a 10% rental escalation in the primary term and in the 5-year renewal option period.\u00a0 Claim Jumper is a casual dining restaurant owned by Landry\u2019s Inc., a privately owned, multi-brand dining, hospitality, entertainment and gaming corporation based in Houston, Texas.<\/p>\n
The 14,725 square foot net lease Claim Jumper building on 1.72 acres of land is located along East Broadway Boulevard, the primary east-west thoroughfare in the trade area.\u00a0 East Broadway Boulevard experiences traffic counts of 50,000 vehicles per day.\u00a0 Claim Jumper is an outparcel to El Con Center, a 975,000 square foot open-air shopping mall anchored by Target, The Home Depot and Walmart.\u00a0 Additional outparcel retailers include Office Depot, Firestone Auto Care, Chick-fil-A, In-N-Out Burger and Starbucks.<\/p>\n
Across the street from the property are the Randolph Golf Course, Reffkin Tennis Center and Reid Park Zoo.\u00a0 The Randolph Golf Course is a 36-hole golf course which has hosted a number of PGA and LPGA tournaments. The Reffkin Tennis Center is a nationally recognized facility with 25 outdoor tennis courts.\u00a0 Reid Park Zoo is a 24-acre city-owned and operated zoo featuring more than 500 animals.\u00a0 The property is approximately one mile from the University of Arizona campus which has over 43,000 students and 3,100 academic staff.\u00a0 There are over 125,000 people living within a three mile radius of the property.<\/p>\n
There are 9 years remaining on the Claim Jumper lease. The lease expires on January 31, 2026 and features 10% rental escalations in the primary term and in the one 5-year renewal option period. Claim Jumper is wholly owned by Landry\u2019s Inc., a privately owned, multi-brand dining, hospitality, entertainment and gaming corporation based in Houston, Texas.\u00a0 There are 42 Claim Jumper locations primarily in the Western United States.<\/p>\n
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INVESTMENT HIGHLIGHTS<\/strong><\/p>\n The Boulder Group is pleased to exclusively market for sale a single tenant net lease Claim Jumper Restaurant located in Tucson, Arizona. The property is strategically located along the primary retail corridor and is an outparcel to El Con Center, a shopping mall anchored by Target, The Home Depot, Walmart, Cinemark Theatres, Ross Dress for […]<\/p>\n","protected":false},"author":3,"featured_media":580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[199],"class_list":["post-579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-sale","tag-net-lease-claim-jumper"],"yoast_head":"\n\n