**Tucson Mall Listed for Sale with Over 1.3 Million Square Feet of Retail Space**
The Tucson Mall, located at 4500 North Oracle Road in Tucson, Arizona, has officially been placed on the market. The property is being marketed by Michael Hackett, Ryan Schubert, and Zach Aulick of CBRE National Retail Partners Desert Southwest, based in Phoenix.
Spanning more than 1.3 million square feet, Tucson Mall is one of the largest retail centers in the region. It offers a diverse mix of over 170 stores and services, which include major department stores, specialty retailers, and a variety of dining establishments.
Originally built in 1982 and expanded in 2010, the mall’s anchor tenants include Macy’s, Dillard’s, JC Penney, Dick’s Sporting Goods, REI, and the recently opened Curacao Department Store. A former Sears location on the property is currently controlled by Transformco, which oversees most former Sears assets nationwide.
The entire mall development covers over 91 acres. Of that, 88.7 acres are under a ground lease that generates $400,000 in annual rent and extends through December 31, 2076. The remaining 2.8 acres of the property are owned fee simple.
Tucson Mall represents a significant investment opportunity in the retail sector, offering both scale and long-term land control in a growing Southwest market.
