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6/12/26
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Oracle Crossing, a 265.5k sf, grocery-anchored retail center in Arizona, traded hands in a $53.85 mil ($203/sf) transaction. The property is located at 7621-7755 N Oracle Rd in Oro Valley, an affluent suburb of Tucson.
The retail center was built in 2006 and spans approximately 30 acres. Major tenants include Sprouts Farmers Market, which generated $664 per square foot in sales in 2024, with Kohl's on a ground lease. The property is 96% leased to a diverse tenant roster featuring internet-resistant shop and pad tenants such as El Charro Cafe, Pacific Dental, Dunkin' Donuts, Carbon Health, Brake Max, O'Reilly Automotive and Smashburger. The property includes eight outparcels located on separate parcels, providing future liquidity options. All major tenants over 8k sf have occupied the property since it was built.
The property benefits from serving two of Tucson's most affluent communities, the Catalina Foothills and Oro Valley, with an average household income exceeding $107,721 within a three-mile radius and a population of 147,603 within five miles.
Tucson, located in Pima County, Arizona, is the second largest city in Arizona with a population of over one million in its metropolitan statistical area. The city attracts more than 45 million annual overnight visitors and is home to the University of Arizona, which boasts over 48,000 students. Tucson offers an outstanding quality of life along with a diverse economy featuring aerospace and defense, healthcare, technology and tourism sectors.
JLL Capital Market’s Investment and Sales Advisory team representing the seller, Oracle Crossings LLC and Oracle and Magee LLC, was led by Managing Director Patrick Dempsey, Senior Analyst Quin Madden, and Analyst Ross Jorgensen. The buyer was Oracle Station LLC and Oracle Station I LLC.
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