Grocery-anchored neighborhood center
Basha’s Supermarket, Tuesday Morning, Wells Fargo
Ventana Village is a 110,116 square foot grocery-anchored neighborhood shopping center located at the intersection of E. Sunrise Drive at Kolb Road, in Tucson, Arizona. Built in 1994, the center is 90.8% occupied and anchored by a high-performing Basha’s Supermarket and Tuesday Morning. Additionally, two outparcels are occupied by Wells Fargo Bank and El Charro Cafe, a successful locally-owned Mexican food restaurant chain.
Tucson is the 33rd largest city in the United States, boasts a metropolitan population of more than 1 million residents and is home to the University of Arizona, with a student enrollment of more than 42,000. Ventana Village is located in the affluent Foothills community of Tucson, with average household incomes exceeding $110,000 within a three-mile radius. Additionally, the property’s location is within the core resort corridor of Tucson, which attracts a significant affluent tourist population seeking to take advantage of Tucson’s warm winter temperatures.
Basha’s is a family-owned Arizona-based grocery chain with more than 130 stores throughout the state. The grocer recently completely remodeled its store and signed a 20-year lease extension to 2036, a further testimony to its belief in the strength of this location.