Walgreens - Rare 5% Rental Increases Every 5 Years
High Performing Location - $4.2m in Sales
Investment highlights
ABSOLUTE NET LEASE (NO LANDLORD RESPONSIBILITIES) 13 Years Remaining on Recently Signed 15-
Year Term. Lease Features Rare 5% Rental Increases Every 5 Years.
» OUTPARCEL TO WALMART ANCHORED SHOPPING CENTER: Subject Property is Strategically Located at
the Entrance of a Busy Walmart.
» STRATEGIC SIGNALIZED LOCATION WITH LIMITED WALGREENS COMPETITION IN IMMEDIATE TRADE
AREA Walgreens is Located on North Arizona Blvd. which sees 15,367+ VPD. The Nearest Walgreens to
Subject Property is 18 Miles Away which Allows this Location to Excel.
» PHOENIX MSA The Phoenix MSA (Metropolitan Statistical Area) is One of the Fastest-Growing Regions in the
U.S., Characterized by a Dynamic Economy, Diverse Industries, and a Rapidly Expanding Population
» NEARBY TO THREE MAJOR SCHOOLS | 7,148 HOUSEHOLDS IN 5-MILE RADIUS Walgreens Business
Benefits from Being Close to Three Schools Totaling 2,299+ Students.
» STRONG CORPORATE GUARANTY Walgreens Operates more than 9,000 Stores Across All 50 States, Puerto
Rico, and the U.S. Virgin Islands.
» STRONG DEMOGRAPHICS IN 10-MILE TRADE AREA The 10-Mile Trade Area Supports Over 66,641+
Residents with an Average Household Income Exceeding $75,000.
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