Walgreens
Retail | 6.91% CAP | 14,995 SqFt
Marketing description
Marcus & Millichap is pleased to present for sale Walgreens in Phoenix, Arizona. Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. It specializes in serving prescriptions, health & wellness products, health information and photo services. 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 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.
Investment highlights
Absolute Triple-Net (NNN) Lease with 1.5 Years Remaining on Lease Term and Multiple Renewal Options
Over 23 Year Operating History - Tenant has Occupied the Site Since 2002
Depreciable Fee Simple Property
Dense Phoenix Infill with 421,917 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, a Major Connector for the Phoenix Area with Direct Access to Downtown Phoenix and Phoenix Sky Harbor International Airport
Surrounded by National Retailers: Fry's, Food City, Smart & Final, Pizza Hut, etc.
Corporate Guaranty by Walgreens
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