Multi-Tenant Retail Shopping
4215 North Oracle Road, Tucson, AZ 85705
For Sale
Contact for pricing
Fully leased center with national retail tenants along an established Tucson commercial corridor.
Property Size93,005 SF
Price / SF$194.61
Days on Market103
Property Features for 4215 North Oracle Road
General Information
Standard status
Size
Property subtype
Occupancy
Investment Type
Net Operating Income
Building Details
Year Built
Tenancy
Listing Agency:
Cushman & Wakefield - Phoenix, Arizona
Listed By:
Chris Hollenbeck · License AZ SA584876000
(602) 538-7155
Source:
Crexi
Added: Aug 3
Changed: Nov 9
Last Checked: Nov 12 at 6:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - Phoenix, Arizona
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Investment Insights
Based on property information with market context.
Tucson Fiesta is a multi-tenant retail shopping center containing approximately 93,005 square feet on ±7.04 acres. Built in 1995, the property is fully leased to Burlington, Bob’s Discount Furniture, and PGA TOUR Superstore, representing off-price retail, furniture, and specialty sporting goods uses. The tenant roster is supported by an approximately 4.1-year weighted average lease term, and tenants have made substantial capital investments at the center. Current rents are below market, creating mark-to-market potential as leases mature.
The center is positioned on North Oracle Road, where traffic counts exceed 43,000 vehicles per day. It is directly across from Tucson Mall, which includes more than 170 stores and anchors such as Dillard’s, Macy’s, and JCPenney. The surrounding retail environment includes Tucson Auto Mall, Panda Express, Raising Cane’s, and Bank of America. More than 230,000 residents live within five miles, with average household incomes exceeding $92,000.
The center is positioned on North Oracle Road, where traffic counts exceed 43,000 vehicles per day. It is directly across from Tucson Mall, which includes more than 170 stores and anchors such as Dillard’s, Macy’s, and JCPenney. The surrounding retail environment includes Tucson Auto Mall, Panda Express, Raising Cane’s, and Bank of America. More than 230,000 residents live within five miles, with average household incomes exceeding $92,000.
Key Highlights
- Approximately 93,005‑square‑foot shopping center on ±7.04 acres
- 100% leased to Burlington, Bob’s Discount Furniture, and PGA TOUR Superstore
- Approximately 4.1‑year weighted average lease term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$911,006
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,220,120
$18.2M
Cap Rate 7%
$13,014,371
$13.0M
Cap Rate 9%
$10,122,289
$10.1M
Market Conditions
NOI Build-Up for 93,005 SF
Gross rent
$1.45M $15.60/SF
− Vacancy
−$149.4K −$1.61/SF
EGI
$1.30M $13.99/SF
− OpEx
−$390.4K −$4.20/SF
NOI
$911.0K $9.80/SF
Area
ZIP 85705
Vacancy
10.30%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,220,120
Cap Rate 7%
$13,014,371
Cap Rate 9%
$10,122,289
Alternative Uses
Best Use
Retail
$13.01M
$11.39M – $15.18M
NOI $911,006 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$21.40M
$18.73M – $24.97M
NOI $1,498,110 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,283
Businesses Nearby
819k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 18%
Superstores 15%
Apparel 14%
Target
Superstores
124,414 visits/mo
0.4 miles
Raising Cane's Chicken Fingers
Dining
64,368 visits/mo
0.1 miles
In-N-Out Burger
Dining
59,209 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
56,423 visits/mo
0.4 miles
Chick-fil-A
Dining
56,142 visits/mo
0.4 miles
Demographics for 85705, AZ
56,711
Population
29,145
Households
1.9
Avg Household Size
36
Median Age
20%
College-Educated
80%
High-School Grad
13.6 sq mi
ZIP Area
4,170
Density / Sq Mi
$36,606
Median Household Income
$27,220
Median Earnings
$924
Median Rent
$113,700
Median Home Value
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Market
Properties on Market for Shopping centers in Tucson
Vacancy Rate% for Retail in Tucson, AZ
Similar Off Market Nearby
- Flowing Wells Plaza — 3923 N Flowing Wells Rd, Tucson, AZ 85705
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- Oracle Gateway — 3800 N Oracle Rd, Tucson, AZ 85705
- Indian Village — 460 w roger rd #106, tucson, az 85705
- Oracle Village — N Oracle Rd, Tucson, AZ 85705
Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased center with national retail tenants along an established Tucson commercial corridor.
Where is this shopping center located?
The property is located at 4215 North Oracle Road Tucson, AZ.
What is the asking price?
The asking price for this property is $18,100,000.
What are key features of this property?
This property features: Approximately 93,005‑square‑foot shopping center on ±7.04 acres; 100% leased to Burlington, Bob’s Discount Furniture, and PGA TOUR Superstore; Approximately 4.1‑year weighted average lease term
