Property History
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The property is situated on the northwest corner of Camelback Road and 35th Avenue. Camelback Road is a prominent street in the metropolitan area. The street stretches from Scottsdale in the east to Litchfield Park in the west, and in the process runs through the city of Phoenix. The property is located in between US Route 60 and Interstate 17, both major key connectors through the metropolitan area. Walgreens is adjacent to Grand Canyon University, a regionally accredited University by the Higher Learning Commission with over 10,600 on-campus students, and 55,500 total enrolled students. The property is in close proximity to many other schools all located less than one mile from the property. Additionally, the property is three miles south of Christown Spectrum Mall anchored by Target, Walmart, Costco, and Harkins Theaters with other numerous tenants including Dollar Tree, JCPenney, Big 5 Sporting Goods, Ross, GNC, Wells Fargo, Bank of America, Anna’s Linens, and many more. The property benefits from its dense infill location with over 500,000 residents and nearly 170,000 households within a five mile radius.
INVESTMENT HIGHLIGHTS
- Walgreens Corporate Lease with Minimal Landlord Responsibilities
- Excellent Hard Corner Visible to 62,300 Cars per Day
- Strong Store Sales
- Adjacent to Expanding Grand Canyon University (10,600 Students) and Alhambra High School (2,700 Students)
- Ideally Situated Between US Route 60 and I-17 - Major Connectors through the Metropolitan Area
- Densely Populated Phoenix MSA - Over 512,000 Residents within a 5-Mile Radius
- Close Proximity to Christown Spectrum Mall – A 1.4 Million-Square-Foot Power Center Located Approximately Three Miles North of the Property
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For Sale
Investment Highlights
- Selling NOI 275000
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Contact Information
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Map
Comparable Properties
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