TUCSON, ARIZONA (Aug. 28, 2026) — A six-unit student housing property near the University of Arizona has sold for $1.35 million in an investment transaction.

638 E Lester LLC, an affiliate of SVP Holdings LLC of Oro Valley, acquired Lester Student Housing Apartments at 638 E. Lester Street in Tucson from Lester Apartments LLC of Sisters, Oregon. The sale closed Aug. 21, 2026.

The property consists of three two-story buildings totaling approximately 9,000 square feet on 0.41 acres. Built in 2008, the complex contains six residential units configured for a total of 22 bedrooms or beds. The unit mix includes two three-bedroom / two-bath units and four four-bedroom / two-bath units.

The $1.35 million purchase price equates to approximately $150.00 per square foot of building area and about $61,364 per bed. Property sold at a capitalization rate of 7.77 percent for the investment.

The property includes off-street parking and a hot tub and is positioned in Tucson’s Central submarket near the University of Arizona and Banner University Medical Center Tucson.

According to transaction information, the property was sold with management in place. The buyer plans renovations aimed at creating additional upside potential.

Allan Mendelsberg and Joey Martinez with Cushman & Wakefield | PICOR represented the transaction.

The property is zoned R-2 and is located within the Tucson Heights subdivision.

For more information, Mendelsberg can be reached at 520.546.2721 and Marinez is at 520.546.2730.

Source: RED Comp #12681

TUCSON, ARIZONA (Aug. 28, 2026) — Walmart will celebrate the conversion of its East Wetmore Road store into a full-service Supercenter on Wednesday, Sept. 2, expanding the location to include groceries, pharmacy services and additional shopping options.

The store at 455 E. Wetmore Road was Tucson’s last remaining Walmart general merchandise location. Following the conversion, customers can now purchase fresh groceries, fill prescriptions and complete a full weekly shopping trip at the property.

The upgraded Supercenter includes an expanded fresh grocery department with produce, meat, dairy and frozen foods, along with a new deli and bakery. Walmart also updated the pharmacy with an additional private consultation room and expanded merchandise selections in automotive, fashion, consumables and health and wellness.

Online Pickup and Delivery capabilities have also been enhanced, including Walmart’s InHome delivery service.

Walmart will mark the opening with a ribbon cutting ceremony at 7:30 a.m. Sept. 2 featuring the University of Arizona mascot and cheer team and the Tucson Magnet High School Badger Cheer Team.

A community celebration will follow from 10:30 a.m. to 2 p.m. with cooking demonstrations, product sampling, giveaways and fashion and home presentations. Additional events include a 5 p.m. cooking demonstration with Chef Maria Mazon, a 6 p.m. fall fashion showcase and a live performance and meet and greet with Latino recording artist Luis Coronel from 6:45 to 8 p.m.

The first 250 eligible customers attending the opening will receive a $25 Walmart gift card while supplies last. Participants must be at least 18 years old and present valid identification. Walmart associates are not eligible.

Store Manager Brian Schield, Walmart associates and local community leaders are expected to participate in the grand opening activities. Other scheduled guests include Maria Mazon, Nancy Fulkerson and Los Angeles based private chef Jess Taye.

The newly converted Walmart SuperCenter is located at 455 E. Wetmore Road in Tucson.

TUCSON, ARIZONA (Aug. 27, 2026) — WinCo Foods LLC has acquired an 11.59-acre commercial property at 5205 E. Broadway Blvd. and adjoining parcels in Tucson for $18 million, a transaction that could position the employee-owned grocery chain for its first Tucson location. WinCo currently has no stores in Tucson, and the company has not disclosed its plans for the property. WinCo currently has no stores in Tucson, and the company has not disclosed its plans for the newly acquired property.

The sale closed August 6, 2026, according to RED Comps research. WinCo Foods LLC purchased the three-parcel assemblage from Sunbelt Stores Co. LP for approximately $1.55 million per acre, or $35.65 per square foot of land. The property contains approximately 504,976 square feet of land and 119,901 square feet of existing improvements.

The assemblage includes property at 5205 E. Broadway Blvd., 99 N. Beverly Avenue and adjoining Broadway frontage near Craycroft Road. Existing improvements contain approximately 107,825 square feet, 6,026 square feet and 6,050 square feet. Current tenants include Angry Crab Shack and Pei Wei Asian Kitchen.

Edward Beeh of SRS Real Estate Partners represented WinCo in the acquisition but declined to discuss the buyer’s intent for the property.

While WinCo has not announced plans for the Tucson property, the size and configuration of the site are consistent with other locations the Boise, Idaho based grocer has selected for recent new store prototypes.

WinCo has increasingly developed stores of approximately 84,000 square feet. A new WinCo that opened in Klamath Falls, Oregon, in 2026 contains 84,000 square feet, while plans for a new Walla Walla, Washington store also call for an approximately 84,000 square foot supermarket with 430 parking spaces.

Closer to home, WinCo has signed a purchase agreement for property at 19th Avenue and Baseline Road in South Phoenix for another approximately 84,000 square foot store that will anchor a larger mixed-use development. Construction on that project is anticipated to begin in 2027.

The 11.59-acre Tucson acquisition provides considerably more land than would be required for the store building alone, allowing room for parking, loading, circulation and potentially additional retail pads or shops.

WinCo has not confirmed that a grocery store will be developed at the Broadway property. The company says it does not comment on possible or future locations until a new store has been officially approved and scheduled to open. WinCo also maintains an in-house real estate team that scouts potential locations rather than accepting unsolicited site proposals.

Founded in 1967, WinCo operates more than 140 employee-owned stores and employs more than 20,000 people. The warehouse style grocer is known for its large stores, bulk food departments and low-price format.

The Broadway acquisition places WinCo in one of Tucson’s established retail corridors, near Park Place and the Williams Centre employment and commercial district. Whether the company redevelops the property for a new WinCo store has not yet been announced, but the combination of the buyer, acreage and WinCo’s recent development pattern makes the transaction one to watch.

Source: RED Comp #12656