Walgreens - Very Affluent Demographics
Attractive Hard Corner | Affluent Scottsdale Location
Marketing description
Cushman & Wakefield is pleased to present the opportunity to acquire a Net leased investment tenanted by Walgreens, one of the most recognized and established pharmacy and healthcare retailers in the United States. The property is secured by a corporate signed lease giving investors a stable and predictable income stream backed by a national credit tenant with a long operating history at this location.
Founded in 1901, Walgreens has grown into one of the nation’s largest pharmacy and health services platforms, operating approximately 8,000 locations across all 50 states and U.S. territories and employing nearly 310,000 team members, including roughly 90,000 healthcare service providers. In FY 2024, Walgreens generated approximately $147.6 billion in revenue, underscoring the brand’s scale within the U.S. healthcare infrastructure. In August 2025, Walgreens was acquired by Sycamore Partners and taken private in a transaction valued at approximately $23.7 billion, further reinforcing the company’s long-term strategic backing.
The property is prominently positioned at the signalized hard corner of Frank Lloyd Wright Boulevard and Via Linda in Scottsdale, Arizona—an affluent and densely populated trade area characterized by exceptional household incomes exceeding $202,000 within a five-mile radius. The site benefits from strong visibility, traffic counts of approximately 42,335 vehicles per day, and proximity to a deep roster of national retailers including Albertsons, McDonald’s, Chevron, Chase, UPS, Domino’s, EOS Fitness, and ACE Hardware. Additionally, the ±1.97-acre parcel provides long-term optionality, offering potential future redevelopment value in one of Scottsdale’s most desirable locations.
This offering represents an opportunity to acquire a well-located Walgreens investment with durable cash flow, strong underlying real estate fundamentals, and long-term value supported by a nationally dominant healthcare retailer.
Investment highlights
INVESTMENT HIGHLIGHTS
• Corporate Walgreens tenancy with strong credit and national brand recognition
• Fixed annual rent providing stable, predictable cash flow throughout the remaining lease term
• NN lease structure with minimal landlord responsibilities
• Long operating history at this location, demonstrating strong performance and continued tenant commitment
• Large parcel (1.97 acres) on hard corner - Perfect for future redevelopment
TENANT HIGHLIGHTS
• Operates approximately 8,000 locations across all 50 states and U.S. territories
• Employs nearly 310,000 team members, including about 90,000 healthcare service providers
• One of the nation’s largest pharmacy and health services chains with $147.6 billion in FY 2024 revenue
• In August of 2025, Sycamore Partners purchased Walgreens and took the company private in a transaction valued at $23.7B
LOCATION HIGHLIGHTS
• Extremely high average household incomes over $202,000 in a 5 mile radius
• Densely populated trade area surrounded by retail and residential communities (±95,942 residents in a 5-mile radius)
• High-visibility corner at Frank Lloyd Wright Blvd and Vía Linda with approximately 42,335 VPD
• Surrounded by strong national retailers including Albertsons, McDonald's, Chevron, Chase, UPS, Domino’s, EOS Fitness, and ACE Hardware
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