Local Investor Acquires Former Kmart Property on Golf Links for $5.72M

TUCSON, AZ (September 16, 2025) — The former Kmart property on Golf Links Road in East Tucson has sold for $5.72 million. Built in 1990, the single-story building totals 89,414 square feet and sits on more than seven acres, offering expansive parking with 411 spaces and two grade-level roll-up doors. The site also includes two additional pads with drive-thrus available for sale or lease.

The transaction closed on August 22, 2025.

At the time of sale, the property was 86 percent occupied with three tenants: ArchWell Health in Suite 100, Platinum Fitness, and Bookman’s Entertainment Exchange. Approximately 12,500 square feet remained vacant, presenting leasing opportunities for the new owner.

The buyer, Bob Speedway LLC, is a Tucson-based investment group. The seller, Leyenda en Tiempo LLC of Albuquerque, had held the property since the late 2000s. Greg Furrier and Natalie Furrier of Cushman & Wakefield | PICOR represented the seller, while the buyer, Bob Zhang, represented himself. The Furriers will continue to lease the property on behalf of the new owner.

This sale reflects a broader trend across Tucson, where older big-box retail sites are being repositioned into multi-tenant centers, medical offices, or storage facilities, underscoring investor confidence in repurposing large-format retail for modern uses.

For more information,  Natalie Furrier can be reached at (520) 955-7663, and Greg Furrier is at (520) 546.2735. Bob Zhang can also be reached at (520) 977.4676.

Source: RED Comp #12062