WinCo Foods Pays $18M for Nearly 12-Acre Retail Site on East Broadway in Tucson

WinCo Foods has acquired a large commercial property along East Broadway in Tucson, purchasing nearly 12 acres for $18 million. The Boise, Idaho-based grocer bought the 11.59-acre site at 5205 E. Broadway, along with adjoining parcels, from Sunbelt Stores. The transaction establishes WinCo's control of a significant retail location near the intersection of Broadway and Craycroft Road, an established commercial corridor in the city. The purchase encompasses three contiguous parcels totaling approximately 505,000 square feet of land. The site is already improved with nearly 120,000 square feet of existing buildings, giving WinCo an immediate income-producing asset base rather than raw land. Current tenants at the property include an At Home home furnishings store, Angry Crab Shack and Pei Wei Asian Kitchen, indicating a mix of big-box retail and restaurant concepts already operating on the site. Sunbelt Stores, the seller in the deal, transferred the assemblage to WinCo as a combined offering rather than individual parcels. The transaction structure effectively consolidates multiple pieces of real estate into a single large holding for the buyer. Edward Beeh of SRS Real Estate Partners represented WinCo in the purchase, providing brokerage and advisory services to the grocery chain on the acquisition. Although WinCo has a broad footprint across multiple markets, the company currently has no stores in Tucson. The grocer operates more than 140 employee-owned locations and is known for its warehouse-style format, extensive bulk food sections and emphasis on a low-price model. The acquisition gives WinCo a sizable, established retail property in a well-trafficked part of the city, positioning the company with options around its long-term presence in the market. The existing tenant roster, which features national and regional retail and restaurant brands, underscores the corridor's role as a retail destination. With large-format space already in place and multiple food-and-beverage operators on site, the property functions as a multi-tenant retail center today. The combination of substantial land area and existing improvements provides flexibility for future asset strategy while maintaining current rental income streams. While terms beyond the $18 million purchase price were not disclosed, the deal highlights ongoing investor and operator interest in established retail locations featuring a blend of big-box and restaurant uses. The involvement of a national grocery operator and an established brokerage firm suggests that the parties viewed the location, scale and tenant mix as key components of the transaction's appeal.