Walgreens
14,995 SF | Retail Building | Phoenix, AZ 85035 | $3,508,000 ($234/SF) | 6.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,508,000
- Property Type
-
Retail
- Square Feet
- 14,995 SF
- Price / Square Foot
- $234
Listing Contacts
Mark Ruble
Verified Profile
Christopher Lind
Verified Profile
- Property Info
Property Overview
Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. As of 2023, the company operates 8,700 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The company is headquartered in the Chicago suburb of Deerfield, Illinois.
The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th largest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.
The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th largest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.
Property Details
- Class
- B
- Year Built
- 2000
- Stories
- 1
- Property Subtype
- Drug Store
- Lot Size (sq. ft)
- 81,893 SF
Highlights
- Absolute Triple-Net (NNN) Lease with 3.5 Years Remaining on Lease Term and Multiple Renewal Options
- 22+ Year Operating History - Tenant has Occupied the Site Since 2002
- Depreciable Fee Simple Property
- Dense Phoenix Infill with 408,096 Residents within a Five-Mile Radius
- Excellent Frontage and Accessibility at the Corner of West McDowell Road and North 43rd Avenue (104,000 Combined Cars per Day)
- Situated Immediately Off Interstate-10, Major Connector for the Phoenix Area w/ Direct Access to Downtown Phoenix & Phoenix Sky Harbor International
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