www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31581658
31581659

11250 E Vía Linda, Scottsdale, AZ 85259

CH
AZ SA584876000
Cushman & Wakefield - Phoenix, Arizona
SC
AZ SA673156000
Cushman & Wakefield - Phoenix, Arizona
Listed by Cushman & Wakefield - Phoenix, Arizona
$6,095,000
56 days on market
Updated 56 days ago

Walgreens - Very Affluent Demographics

Details
APN 217-28-010Y
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 15,120
Cap Rate 7.25%
NOI $442,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Net
Lease Term 30
Lease Expiration 01/31/2031
Remaining Term 4.7
Lease Options Five (5) five (5) year options
Price per SqFt $403
Year Built 2000
Acreage 1.970
Investment Type Net Lease
Lease Commencement 01/27/2001

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

Listing Contacts

CH
AZ SA584876000
Cushman & Wakefield - Phoenix, Arizona
SC
AZ SA673156000
Cushman & Wakefield - Phoenix, Arizona
Listed by Cushman & Wakefield - Phoenix, Arizona

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$442,000.00
$36,833.33/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Chris Hollenbeck
License
SA584876000
Brokerage
Cushman & Wakefield
Name
Shane Carter
License
SA673156000
Brokerage
Cushman & Wakefield
Brokerage Phone
(602) 224-4442
Title
Director
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591