Sam’s Club Buys 27 Acres at Swan & 29th for $21.75M

TUCSON, Ariz. (Jan. 23, 2026) — A Sam’s Club affiliate has purchased a 27-acre land parcel at 2021 S. Swan Road / 4710 E. 29th Street, near the southeast corner of Swan Road and East 29th Street in Tucson for $21,754,980, in an all-cash transaction. Tucson metro is catching up on its share of new big-box stores lately, with a Super Walmart coming to Marana, Costco in Vail, and now a new Sam’s Club in Tucson.

The most recent major big-box store opening in Tucson was The Home Depot at Houghton Town Center (10072 E. Old Vail Rd.), which opened in September 2024.

The buyer, Sam’s West, Inc., an affiliate of Sam’s Club of Bentonville, AR, acquired the property at approximately $805,740 per acre. The seller was BP Swan Investors, an affiliate of Bourn Partners, Don Bourn as manager. The transaction was recorded on January 15, 2026.

The property is located within the City of Tucson and was rezoned from R-1 to PAD-49, establishing an approved framework for a planned commercial development that allows for large-format retail exceeding 100,000 square feet. In the May 16, 2024, Zoning Examiner report for the 29th & Swan site, the City treats the site for “large retail” and a single-user over 100,000 square feet and notes that PAD-49 includes criteria that “otherwise would require a process for a large retail establishment.” In other words, the City approves large-format development through entitlement tools like a PAD zoning, which can set project-specific criteria for these uses and the review process.

While specific development plans have not been disclosed, Sam’s Club locations typically range from about 120,000 to 140,000 square feet, and the retailer has also advanced a newer prototype of approximately 160,000 square feet, paired with a fuel station.

The site is positioned along a major eastside commercial corridor with strong access and visibility. The acquisition underscores continued demand for large-format retail sites in established trade areas and signals ongoing investment interest in Tucson’s infill commercial growth opportunities.

Alan Tanner and McKay Stevens with Bourn Advisory Services represented the seller, and Alex Clark of Common Bond Development in Phoenix represented Sam’s Club/Walmart on the acquisition.

Source: RED Comp #12307.