Ace Hardware Purchases Former Walgreens on East Speedway for $2.7 Million

TUCSON, AZ (October 9, 2025) — A vacant former Walgreens building at 9495 E. Speedway Blvd. has been acquired by Ace Hardware Stores, Inc. for $2,700,000 ($174.85 PSF), paving the way for a new Ace Hardware location in Tucson’s East submarket.

The seller was Speedway Crossing LLC, a California-based entity located in West Hollywood. The buyer, Ace Hardware Stores, Inc., lists its Tucson address at 7056 E. 21st Street. The transaction closed on September 23, 2025.

Built in 1995, the 15,442-square-foot freestanding retail building sits on 2.07 acres at the corner of East Speedway Boulevard and Harrison Road. The property was formerly operating as a Walgreens with a drive-thru.

The site, zoned C-1 Local Commercial, will be repurposed for Ace Hardware’s local retail expansion within the next few weeks.  The sale underscores the continued trend of national hardware and home improvement retailers backfilling former pharmacy and big-box sites in established neighborhood centers across Tucson.

Source: RED Comp #12107