Tucson Fiesta 4215-4225 N Oracle Rd 93,005 SF 100% Leased Retail Building Tucson, AZ 85705 $25,103,433 CAD ($269.91 CAD/SF) 7.25% Cap Rate

Cushman & Wakefield is pleased to present the opportunity to acquire Tucson Fiesta Center, a premier multi-tenant retail investment located in Tucson, Arizona. The property consists of approximately 93,005 square feet situated on ±7.04 acres and is 100% leased to a roster of nationally recognized retailers including Burlington (NYSE: BURL), Bob’s Discount Furniture (NYSE: BOBS), and PGA TOUR Superstore. The asset provides investors with stable in-place cash flow supported by long-term tenancy, a weighted average lease term of approximately 4.1 years, and a tenant lineup that has demonstrated significant commitment to the location through substantial capital investments.
Tucson Fiesta benefits from a highly complementary mix of destination-oriented retailers that drive consistent consumer traffic from across the Tucson metropolitan area. The property is fully occupied and leased to nationally recognized brands operating in the off-price retail, furniture, and specialty sporting goods sectors, creating a diverse revenue stream and reducing reliance on any single retail category. Additionally, tenants currently pay rents that are below market, providing investors with future upside potential as leases roll and rental rates are adjusted to market levels. The center's combination of strong national tenancy, long-term occupancy commitment, and embedded mark-to-market opportunity creates an attractive balance of income stability and long-term value creation.
The property is strategically positioned along North Oracle Road, one of Tucson's primary retail corridors, with traffic counts exceeding 43,000 vehicles per day. Tucson Fiesta is located directly across from Tucson Mall, the largest enclosed shopping mall in Southern Arizona, featuring more than 170 stores and anchors including Dillard's, Macy's, and JCPenney. The center also benefits from its proximity to the Tucson Auto Mall and a dense concentration of national retailers including Panda Express, Raising Cane's, and Bank of America, placing the asset within one of Tucson's most established and heavily trafficked retail destinations. The surrounding trade area is supported by more than 230,000 residents within a five-mile radius and average household incomes exceeding $92,000, providing a deep and affluent consumer base.
This offering represents an opportunity to acquire a fully leased institutional-quality retail center with nationally recognized tenancy, stable in-place income, and meaningful future rental upside. Combining strong real estate fundamentals, exceptional regional accessibility, and a location within one of Tucson's premier retail corridors, Tucson Fiesta offers investors durable cash flow and long-term value appreciation potential.