Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Phoenix
$4,906,000
Walgreens | Phoenix, AZ (Thomas)
Details
APN 119-33-134
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,846
Cap Rate 6.5%
NOI $318,895
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/30/2038
Remaining Term 12.5
Rent Bumps Yes
Lease Options 12 (5-year)
Year Built 1999
Acreage 1.850
Parking Spaces 89 spaces
Parking Per SqFt 6.43
Tenant Credit Corporate Guarantee
Lease Commencement 11/21/2023
Ownership Fee Simple (Land & Building)
Retail | 6.50% CAP | 13,846 SqFt
Investment highlights
13 Years Remaning | Long-Term Passive Investment
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Signalized Hard Corner Location | Strong Visibility & Access
Medical Demand Driver | Proximity to Phoenix Children’s Hospital | Established Retail Corridor | Dense Commercial Activity
Dense Infill Demographics | Growing Urban Core
Phoenix MSA Advantage | Nation-Leading Growth Market
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$318,895.00
$26,574.58/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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