Walgreens - Chandler, AZ
Retail | 7.32% CAP | 14,820 SqFt
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CBRE is pleased to present a rare single-tenant Walgreens investment opportunity located at 3005 E. Riggs Rd., Chandler, Arizona. This property offers a stable and long-term income stream backed by Walgreens, one of the most recognized and trusted pharmacy brands in the U.S. Situated at a signalized intersection in a high-growth area of Chandler, this asset benefits from strong demographics, excellent visibility, and proximity to major retail and residential developments. With a long-term NNN lease in place, this property is ideal for passive investors seeking a secure and predictable return.
Investment highlights
Prime Chandler Location: Located at the signalized intersection of E. Riggs Rd. and 136th St., with traffic counts exceeding 21,000 vehicles per day on Riggs Rd. and 15,700 vehicles per day on 136th St
Established Walgreens Lease: Walgreens has demonstrated 15+ years of commitment to this location, offering investors a secure and stable income stream
Absolute NNN Lease: Walgreens is responsible for all property expenses including roof, structure, and parking lot, offering a truly passive investment
Active Residential Development Nearby: Magnolia by Shea Homes, a high-end subdivision with 93 lots, is currently under development just east of the site on Riggs Rd. between Cooper and Gilbert Roads
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