CBRE National Retail Partners Group, as exclusive advisors, is pleased to present the opportunity to acquire The Shoppes at Bears Path (the “Property” or “Opportunity”). Shoppes at Bears Path is a 43,838 square foot neighborhood strip center located at 8868 E Tanque Verde Road in Tucson, Arizona. Currently 70.3% occupied, the property features a diverse blend of national, regional, and local tenants. This property offers immediate upside through strategic lease-up of 13,006 square feet of space.
Positioned along one of Tucson’s most affluent and trafficked corridors, the center benefits from excellent visibility, strong vehicular counts, and proximity to high-income residential neighborhoods. The tenant mix includes established brands such as Anytime Fitness, Leslie’s Pool Supplies, State Farm, and Rosati’s Pizza, alongside unique local concepts like Tandem American Eatery and Owlbear Canyon Games, creating a dynamic and community-oriented retail environment.
The surrounding demographics reinforce the center’s premium positioning. Within a one-mile radius, the average household income is $145,380, projected to rise to $161,077 by 2030. The population is mature and well-educated, with a median age of 52 and nearly 50% of residents holding a bachelor’s degree or higher. The area is characterized by high home values averaging over $460,000.
Tenancy at Shoppes at Bears Path is thoughtfully curated to serve both daily needs and lifestyle preferences. The presence of the University of Arizona as a tenant adds institutional credibility, while service-oriented businesses such as Glo Skin Studio, Tanque Verde Chiropractic, and The Dance Project contribute to the center’s wellness and experiential appeal. Lease terms are staggered, with several tenants on multi-year agreements, providing predictable cash flow and minimizing rollover risk.