Listed by ParaSell Inc, Century Partners RE
$3,929,491
Walgreens - Corporate Absolute NNN Lease - Retail
Details
APN 140-16-0010, 140-16-0020, 140-16-0011B
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,490
Cap Rate 8.85%
NOI $347,760
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 07/31/2027
Remaining Term 1.2
Year Built 2002
Year Renovated 2013
Acreage 1.700
Zoning C-1 (Local Commercial)
Parking Spaces 75 spaces
Parking Per SqFt 5.18
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Retail | 8.85% CAP | 14,490 SqFt
Marketing description
- Situated in an established Tucson submarket with strong residential density with a population of over 89,310 within a 3-mile radius
- Retailers at this intersection serve as primary options within a 5-mile residential corridor
- Surrounded by anchored shopping centers featuring a mix of national, regional, and local retailers Located within 1 mile south of a dominant retail corridor featuring Costco, Walmart Supercenter, Bass Pro Shops, and Dave & Buster’s
- Near Tucson International Airport (2.5 miles north)
- Convenient access to I-10 (1.2 miles north), a key thoroughfare connecting to greater Tucson
Investment highlights
- Corporate-guaranteed absolute NNN lease with zero landlord responsibilities
- 25+ year operating history
- Outparcel to Irvington Plaza, a ±54,480 SF shopping center anchored by Goodwill and O'Reilly Auto Parts
- Signalized corner location with ±56k VPD, across from multiple established retail centers
- The Property features ±14,490 SF of improvements on ±1.7 acres, including a drive-thru and a parking area with ±75 spaces
Listing Contacts
Listed by ParaSell Inc, Century Partners RE
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$347,760.00
$28,980.00/mo
Valuation Metrics
0
DSCR
8.85%
Cap Rate
8.85%
ROI
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