Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$4,825,200
Walgreens - High Performing Site
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,820
Cap Rate 7.15%
NOI $345,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 03/31/2034
Remaining Term 7.8
Rent Bumps No
Lease Options 50, 1 Year Options
Price per SqFt $326
Year Built 2009
Acreage 1.540
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/2009
9% Population Growth in Trade Area | 7.15% CAP | 14,820 SqFt
Marketing description
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 2026, the company operates approximately 8,000 stores in all 50 states and Puerto Rico. The company is headquartered in the Chicago suburb of Deerfield, Illinois.
Buckeye is 30 miles west of Phoenix, located at the edge of the metro area and south of White Tank Mountain Regional Park. Buckeye is one of the fastest growing cities in the state and has become an important center in Arizona for industry, business, and commerce.
Investment highlights
- Eight Years Remaining on Absolute Triple-Net (NNN) Lease with Multiple Renewal Options
- Corporate Guaranty by Walgreens, the Largest Drug Retailing Chain in the United States
- 58,503 Residents within a Five-Mile Radius - Phoenix MSA
- High Performing Location - 91st Percentile per Placer.ai - Inquire with Broker for Sales
- Located in One of the Fastest-Growing Cities in Arizona - Households and Population Projected to Increase Nine Percent in the Surrounding Area by 2030
- Signalized Hard Corner Location, Accessible by Over 50,000 Cars per Day via West Southern Avenue and Miller Road
- Adjacent to a Brand New Self-Storage Facility and Surrounded by New Retail and Residential Developments
- Easy Freeway Access, Less Than Three Miles South of Interstate 10, a Major Connector for the Phoenix MSA
Listing Contacts
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$345,000.00
$28,750.00/mo
Valuation Metrics
0
DSCR
7.15%
Cap Rate
7.15%
ROI
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