Tucson is getting the first new Fry’s supermarket in nearly a decade. It is planned for the southwest corner of Valencia Road and Indian Agency in Tucson. Tuttle-Click sold the 13.4 acres of vacant land at 1805 West Valencia to the supermarket for $3.51 million ($6 PSF).
The new Fry's, a 104,000-square-foot supermarket, is planned to open in Q3 2016, with ground breaking anticipated for March.
Valencia is a main arterial road serving southwest Tucson with 48,582 average vehicles per day. The property is at a signalized intersection and a 7,800-square-foot of shop space and a 57,000-square-foot pad with drive-thru potential that will adjoin the new Fry’s Center is being marketed by Brenna Lacey and Kevin Volk with Volk Company in Tucson.
Neighboring tenants include Walmart Supercenter, Lowe’s and several banks and restaurants.
To learn more about the retail shop space for lease or the corner pad, contact Lacey and Volk at 520.326.3200.
For additional information see Red Comp #3320.
In other Supermarket news this week, a total of 94 Haggen stores were up for auction this past week as part of the company’s chapter 11 bankruptcy proceeding. The Bellingham, Wash.-based grocer entered the Tucson market in May 2014 as part of a massive expansion, growing from 18 stores to 164 stores almost overnight.
Court records filed in U.S. Bankruptcy Court for the District of Delaware show Albertsons’ has placed a $1 million bid for the former Haggen store at 10380 E. Broadway, which was formerly a Safeway and a $700,000 for its former store at 1350 N. Silverbell Road, which is slated to close by the end of the month.
No bid has been placed for the store at 8740 E. Broadway yet.
The three Tucson stores are part of 10 in Arizona that were up for auction. Albertson’s has also placed a $1 million bid for the store in Lake Havasu City. None of the three stores in Phoenix, two in Prescott or the one in Flagstaff received bids.
Albertson’s was successful bidder on 33 of the Haggen stores, Smart & Final won 4 and Sprouts another 4 stores at the auction.
To see the full list of Haggen stores sold at auction click here Haggen auction.pdf