Grant Haag Of WinCo Foods Purchases Retail Property In Tucson From Brendan Horgan For $18M
5205 East Broadway Boulevard
$18,000,000
Building Size
—
Asset Type
Retail
Closing
Sep 8, 2026
About this deal
AI
The retail property located at 5205 East Broadway Boulevard in Tucson, AZ, encompasses 11.59 acres and has three parcels totaling approximately 505,000 square feet. The existing buildings cover nearly 120,000 square feet and were sold for $18 million.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,000,000
- Buyer: Grant Haag - WinCo Foods
- Seller: Brendan Horgan - Sunbelt Store
- Broker: Edward Beeh - SRS Real Estate Partners
Edward Beeh from SRS Real Estate Partners represented WinCo Foods in this transaction, enabling the Boise-based grocery chain to establish a presence in Tucson, an area where it previously had no locations.
On the Map
$18,000,000
Retail
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Players
Borrego Springs Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93