In July of 2020, Emerald Creek Capital provided a $2,650,000 acquisition loan in Tucson, Arizona. The loan is secured by a NNN-leased retail building with 14,560 square feet of net rentable area, currently occupied by a Dollar Tree store. The 1.44-acre site is well-positioned at the intersection of two commercial corridors southeast of downtown Tucson and includes multiple entrances and 68 parking spaces. Home to the University of Arizona, Tucson is the state’s second-largest city after Phoenix and has seen an uptick in commercial development in recent years. The subject property is well-located and easily accessible from Interstate 10.
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