CBRE National Retail Partners are pleased to present the opportunity to acquire Tucson Mall.
Tucson Mall, 4500 N Oracle Road, Tucson
TUCSON, AZ (April 3, 2025) — The Tucson Mall at 4500 North Oracle Road has been put on the market.
Tucson Mall is the #1 mall and a top shopping destination in Tucson, Arizona. It offers a vast array of shopping, dining, and entertainment options for visitors of all ages. It is strategically situated in one of the busiest retail corridors in the city, the Oracle Road Corridor.
Built ion 1982 and expanded in 2010, Tucson Mall’s anchors include Macy’s, Dillard’s, JC Penney, a brand new Curacao Department Store, Dicks’s Sporting Goods, and REI all of which provide a strong foundation for the property’s 1.3M SF of retail, food and service offerings. A former Sears is controlled by Transformco, which controls most of the former Sears assets. They reportedly have pending subleases, bringing even more traffic to the site. The project occupies over 91 acres, with 88.7 acres ground leased for $400,000 annually from a local family with the term through 12/31/2076 and 2.8 acres owned fee simple.
The mall’s prime location allows it to attract a large and diverse customer base, including students, professionals, and families. With over 1.3 million square feet of retail space, Tucson Mall features a mix of over 170 stores and services, including department stores, specialty retailers, and dining establishments.
Tucson Mall Key Advantages
- Dominant mall located in Tucson’s strong retail corridor
- Centralized Location with proximity to affluent Northern Tucson and the University of Arizona [±53,000 Students].
- 94% leased; $491 PSF in-line sales; 12% avg health ratio
- 5,982 parking spaces; 4.5/1,000
- In-Place NOI: $15,530,000
For more information on this offering, contact CBRE National Retail Partners Desert Southwest in Phoenix. Michael Hackett can be reached at 602.735.7946, Ryan Schubert at 602.735.7945, and Zach Aulick at 602.735.5751.
