Retail Business for Sale in Tucson, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Tucson, AZ 85705

Description

Tucson, Arizona is the second largest city in the state and serves as the economic, cultural, and educational hub of Southern Arizona. With a metropolitan population exceeding one million residents, Tucson benefits from a diverse economic base anchored by higher education, healthcare, aerospace and defense, advanced manufacturing, and tourism. The city has experienced steady population growth driven by migration from California and other western states, attracted by Tucson’s lower cost of living, favorable business climate, and high quality of life. One of the region’s most significant economic engines is the University of Arizona, a Tier One research university with more than 50,000 students and faculty that contributes billions annually to the local economy. The university drives innovation, research funding, and workforce development while supporting thousands of jobs throughout the region. The aerospace and defense sector is another major pillar of Tucson’s economy. Raytheon Missiles & Defense, headquartered in Tucson, employs thousands of highly skilled workers and remains one of Southern Arizona’s largest private employers. In addition, Davis-Monthan Air Force Base, located on the southeast side of the city, supports approximately 11,000 military and civilian personnel and plays a critical role in the region’s long-term economic stability. Healthcare also represents a significant employment sector, led by major providers such as Banner Health, Northwest Healthcare, and Carondelet Health Network, which operate multiple hospitals and medical facilities throughout the metropolitan area. These institutions serve as key regional employers and attract patients from across Southern Arizona. Strategically positioned along Interstate 10, Tucson offers direct connectivity to Phoenix, Southern California, and New Mexico, supporting regional logistics and commercial activity. Combined with a growing population, strong institutional employers, and continued residential and

Market Context

This retail in Tucson, AZ is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 days. Compare it against other retail listings for sale in Tucson, AZ — <a href="/search/sale/retail/arizona/tucson">view the full market</a>.

As of Q1 2026, the Tucson retail market showed a 8.9% vacancy rate, average asking rents near $24.39/SF/yr, and rents up 2.0% year over year. Source: Www.picor.com Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Tucson retail market tightening or softening?
Vacancy is around 8.9%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Very Low Confidence

$25.88/SF – $35.02/SF

Mid: $30.45/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market buffalo (similarity: 100%) with 3 comparable listings.

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